Crude oil exports reached a record 900,000 barrels per day in the first half of 2017, according to Energy Department data.
Exports of propane and distillate also hit record highs during that time, reaching 900,000 barrels per day and 1.3 million barrels per day, respectively, the Energy Information Administration (EIA) reported.
EIA alo noted “U.S. exports of total motor gasoline averaged a record high of 756,000 b/d, a 3% increase from the first half of 2016” thanks to high levels of domestic gas production.
It’s good news for President Donald Trump, who’s made “energy dominance” a key part of his strategy to boost U.S. economic growth. Trump has pushed policies to open up more federal lands and offshore areas to drilling and reduce the regulatory burden on oil and gas producers.
Source: Daily Caller