The US oil market has undergone a historic transformation: The US has been a net exporter of oil every quarter since 2020, with exports up to ~360 million barrels per quarter, the 2nd-highest on record. Since 2008, US oil exports have surged +800%, driven by the shale revolution. Over the same period, imports have fallen by roughly -38%, to ~260 million, near the lowest since the 1990s. The US has gone from net IMPORTING ~400 million barrels of oil per quarter in 2006 to net EXPORTING ~100 million barrels per quarter in 2025. This marks one of the biggest energy shifts by a major economy in modern history. US oil dominance is reshaping global energy dynamics.