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handle is hein.amenin/aeiaeau0001 and id is 1 raw text is: Key Points
In 2020, the US bearne a net exorer of petroleurn and petreurn products for the
first time since at leat 949; in just a decade, grJss exports had nore han tripled,
Im proving energy efflency and rising domes ic petroleum output account for this
remarkable chang. rear  r  r~er  fmncy sernmed from; the price and supply
shocir, Kf the 197(s. Domestic pevtoleu  p)roduction as benefied graly ror inro-
vations in horizontal drill ng an  fr aking technolfgy.
Net exporter status does not men  n depiendence from freign olf of the bur
stick variety. Non ethlN it proides considerabl economr' and strategc bo n
en yed bynei her Anerica' Europea nd Ea st Asia   n nrnChi, its incipal riva1.
he Brden  miia     should recogetha an ambito us green a- eida wouId rk-ly
make America import derpendent agairn, including on Chtnese green Ichnlogycom-
ponents, turning economic and strategic gains into consequential risks.

Although it has gone strangely unher-a ld thus far,
the Uited Stat.s marked an cnerg, milestone of
great historical and strategic significance in 202.
Accordmng to otfiia: ngures, ihe US exported more
oil and petrocum products than it iported.= This
is the first titme in generations that America has
attained such qualified, but nonetheless meaning-
E:u, independence from fCoregn oil. Ir inldE have
been considered impossible barcily  years ago, when
imports peaked. The transformation has greatly
bencfited the American economy, and enabled much.
more roreign policy flexibility. It is also a powerf i
asset for the US in competition with China.,
The Biden administration should be mindful of
the economic and strategic advantages America
enjoys from its new energy profile. As Team Biden
charts its policy on climate change, it should Ie

careful not to sacrifice these gains in a headlong
rush toward an ambitious green agenda.,
What Happened and How
The data documenting America's new status as a
net petroleum exporer come from the US Energy
information Adm iniistration (EIA) the D 'el-ritment
of Energy's statistical office, which reports a US
surplus of about 600,0 oo harrels per day for  ozo
in international petrolcun trade. Scparatcly, trade
statistics sho; the US generated a trade sirplus
from petroleum of about S-gbillion in moz .
Anerica has not experienced a surplus from
petrleun trade in a long time, The ETA was
estaPshed in 1949, and at no previous point in
its .:,0i1r did its annual estimates for - erall US

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