Key landmark for US shale boom: Net exporter

For the first time in decades, the United States last week was a net exporter of crude oil and petroleum products.

That distinction — revealed in US Energy Information Administration data released Thursday — is the latest sign of how the shale boom has lifted the United States’s standing on global petroleum markets, prompting talk of “energy dominance” by President Donald Trump.

It’s quite a change from the situation that defined American energy for decades after the 1970s oil shocks led to a US ban on oil exports in 1975. The US reversed the policy in late 2015…

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