The Shale Revolution's Impact on the U.S. Economy

Shifting from a Deficit to a Surplus in Fuel Trade Balance Relative to GDP

For decades, fossil fuels and products trade balance to GDP ratio were negative, but the ratio become positive since 2019. The ratio of U.S. fossil fuels and products trade balance to GDP ratio from -2.9% in 2009 changed to +0.2% in 2023.