The ban on crude oil exports was now history. By 2019, U.S. net oil imports were down from the 60 percent of total supply they had been in 2008 to less than 3 percent. And even as the United States continued to import oil, it was also exporting almost three million barrels per day of crude oil—making it one of the largest crude oil exporters in the world—as well as over five millions barrels per day of petroleum products.
