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U.S. Crude Exports Have Risen Dramatically, Mostly Go to Canada and Mexico


After 40 years, U.S. resumes export of crude oil.

By far, the majority heads to Mexico and Canada

Forty years ago, the OPEC oil embargo caused oil prices to skyrocket in the US. In order to keep American prices down,
the U.S. Congress banned the export of crude oil. In 2015, with domestic production rising quickly, Congress voted to lift the export ban. What a difference a year makes. Exports have spiked, especially to Mexico and Canada. During the interim period (1994 – 2015) the US exported small amounts of oil due to loopholes in the export ban and through swaps, where refineries could import heavy crude to blend with domestically produced light crude and increase refinery efficiency.

U.S. Crude Oil Exports over 200 Thousand Barrels per Day



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Source: U.S. Energy Information Administration

Notes from EIA:  On December 18, 2015, the U.S. enacted legislation authorizing the export of U.S. crude oil without a license. Exports to embargoed or sanctioned countries continue to require authorization. Prior to December 2015, crude oil exports were restricted to: (1) crude oil derived from fields under the State waters of Cook Inlet of Alaska; (2) Alaskan North Slope crude oil; (3) certain domestically produced crude oil destined for Canada; (4) shipments to U.S. territories; and (5) California crude oil to Pacific Rim countries. Totals may not equal sum of components due to independent rounding. 

In recent years crude production of major producers has little to do with price

Wide Version

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OPEC Production ~ Price, Time Series


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OPEC Oil Production ~ Price


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Change in Emissions per Capita, US & EU, 1990 – 2013

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