It's the 40th anniversary of the first Middle East oil embargo, which triggered a gas crisis in American and forever changed the course of U.S. energy policy.
The Wall Street Journal's Ben Lefevbre has a good piece discussing how much things have changed. Thanks to the Great American Shale Boom, there has actually been a huge surge in U.S. petroleum exports.
Today, countries are increasingly relying on us.
With rare exceptions, only refined petroleum products - things like heating
The volume of these exported refined products is quite substantial.
Here's the chart showing exports are now at an unprecedented 3.9 million barrels a day - equivalent to half of everything we're producing:
So where is it all going?
Not surprisingly, Canada and Mexico get the most.
But after that is when it starts to get interesting: major destinations include Brazil, Chile, the Netherlands - and
Here's the raw data showing each countries share of U.S. exports.
It's an incredible story.