Due to technological advancements over the past decade, America’s crude oil reserves, like natural gas, will continue to help maintain America’s role as a leading energy supplier. America’s energy exports are continuing to grow and flourish in the global energy market. Considering the demand for stable / reliable sources of energy, U.S. oil exports bring geopolitical and economic benefits to the United States and foreign allies.
In December 2015, the United States lifted restrictions on the export of crude oil, ushering in a new era for American energy. Now as shipments leave the United States with American crude, the financial and political impacts of U.S. energy are finally being felt around the world.