Trump's Economy Booming As Energy Imports Are Lowest in 35 Years
U.S. imports of energy from other countries were the lowest since 1982 during President Donald Trump’s first year in office, according to Energy Department data.
The 35-year low in energy imports were largely driven by booming exports of American petroleum products, natural gas, crude oil and coal.
For 2017 export levels, the U.S. Energy Information Administration reported a “27% increase from 2016 and the highest annual U.S. energy exports on record.”
It’s good news for the Trump administration, which has pushed “energy dominance” as a policy goal.
Federal agencies have rolled back regulations seen as hindering energy production and exports.
Last year, U.S. energy imports were at their lowest levels since 1982 as energy exports shattered records. That's good news for #AmericanEnergy and the economy. ➡ https://t.co/KJv9wODVuE #NewEnergyRealism pic.twitter.com/IaBXmCodR6
— U.S. Department of Energy (@ENERGY) March 31, 2018
EIA, the Energy Department’s statistics arm, says the U.S. became a net exporter of natural gas last year, mostly from pipelines to Mexico and Canada.
But oil exports also boomed thanks to Congress repealing the crude export ban during the last administration.
Coal and petroleum product exports were also up substantially in 2017 at 61 percent and 11 percent, respectively.
EIA noted:
“The United States was a net exporter of coal, coal coke, petroleum products, natural gas, and biomass, but a net importer of crude oil.”
Source: US Energy Information Administration
A version of this article appeared on The Daily Caller News Foundation website.
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