In 2006, following 35 years of declining U.S. oil production, net monthly imports of crude oil and finished products had climbed to more than 13 million barrels per day (BPD). Last week, the Energy Information Administration (EIA) reported that U.S. crude oil production had reached 10.38 million BPD. This represents an increase of more than 1.2 million BPD in the past year and is more than 5 million BPD higher than March 2006 production levels. U.S. refineries have invested billions of dollars into equipment to process heavy, sour (i.e., contains sulfur compounds) crudes. In just the past four years, U.S. crude oil exports have jumped from nearly nothing to more than 1.5 million BPD (aided by a crude oil export ban repealed in December 2015):

Source: Forbes March 21, 2018 12:56 UTC