"The US has cemented its status as a net exporter in world oil markets, a sharp reversal from past years that could affect its ties to foreign allies.
The top oil producer and consumer exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September [2019], the first full month of a positive oil trade balance since the 1940s, the Energy Information Administration said Friday. Imports exceeded exports by 12m barrels a day a decade ago."
This is a recent development, September 2019, and is a very small volume relative to the US population/economy. There's little to no oil surplus in the US and thus it is not a petrostate.
The top oil producer and consumer exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September [2019], the first full month of a positive oil trade balance since the 1940s, the Energy Information Administration said Friday. Imports exceeded exports by 12m barrels a day a decade ago."
https://www.ft.com/content/9cbba7b0-12dd-11ea-a7e6-62bf4f9e5...
This is a recent development, September 2019, and is a very small volume relative to the US population/economy. There's little to no oil surplus in the US and thus it is not a petrostate.