For the first time in 62 years, the United States is expected to become a net oil exporter

With the substantial increase in the export volume of gasoline, diesel and other petroleum-based fuels, the United States is expected to become a net exporter of petroleum products in 2011, which will be the first time in 62 years.

The rapid growth in demand in emerging markets, coupled with the weak domestic economic activity in the United States, has caused the United States’ fuel exports to exceed imports, thus reversing the previous historical norm.

Data released by the U.S. Department of Energy’s intelligence agency on the 29th showed that during the first nine months of this year, the United States exported 753.4 million barrels of petroleum products, including gasoline and aviation fuel, with imports of 689.4 million barrels.

The situation that US fuel exports exceed imports is very important, because in the past decades, the United States has always been an energy-consuming country, not only importing large amounts of crude oil from the Middle East, but also importing refined fuels from Europe, Latin America, and other regions. To help keep its factories and cars running.

However, the United States as a whole is increasingly becoming a fuel exporter, which will make its influence on the global energy market even greater.

This change clearly shows that the fate of the United States and emerging market economies is very different. Unemployment in the United States remains high, economic growth is slow, and growth in emerging market economies is strong, and demand for fuel is also growing.

Consumers in the United States are tightening their spending and millions of people are still looking for work. In August of this year, the American car owners’ gasoline consumption was reduced by 7.7% compared with four years ago. In recent years, the dramatic increase in the production of ethanol fuel using corn as raw material has also reduced consumer demand for other fuels.

In the first nine months of this year, the United States had six months as a net exporter of petroleum products. This trend accelerated in the third quarter. September data released on the 29th showed that the United States has a net export of 919,000 barrels of petroleum products every day, more than any other month of the year. For observers, this indicates that this year will be the first time that the United States has become a net exporter of petroleum products since 1949.