US exports more oil than Saudi Arabia

Bloomberg/Fuel Fix:
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.

Surging output from shale helped America ship almost 9 million barrels a day of crude and oil products in June, surpassing Saudi Arabia, the International Energy Agency said in a report, citing gross export figures. There’s room to send even more supply overseas as companies add infrastructure to transport the burgeoning production from fields in Texas and New Mexico to the coast.
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The Saudis and Russians have been restricting supply to maintain a profitable price.  But the US exports mark a remarkable transition from 10 years ago when the US was at the whims of OPEC.  It looks like the Democrats would take us back to those days with their irrational promises to stop fracking in the vain hope that alternative energy could make up the difference.  Such a policy would be ludicrous.  Alternative energy is much too unreliable and inefficient.  It lacks the ability to scale up or down to meet demand and is vulnerable to extreme weather.

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