The U.S. Has Officially Flipped the Energy Business

It wasn't supposed to happen until 2017, but the United States made history in November by exporting more natural gas than it imported.

1 minute read

November 16, 2016, 2:00 PM PST

By James Brasuell @CasualBrasuell


Natural Gas

QiuJu Song / Shutterstock

Dave Forest reports that the "Shale Miracle" of 2010 has reached a milestone culmination: the United States is a new exporter of natural gas.

"Platts reported Monday that its proprietary data showed U.S. natgas exports exceeding imports in early November' " according to Forest. In pure volume, the country's balance is netting an outflow of 1 billion cubic feet of gas per day.

"That’s the first time ever that American producers have shipped out more gas than the country takes in," adds Forest for context. "And that historic event illustrates a number of critical changes happening right now in the U.S. energy scene."

The article includes more detail about the gas coming and going from the United States.

Wednesday, November 16, 2016 in Oil Price

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