Oil Companies Big Winners as U.S. Becomes Net Exporter of Fuel

The United States has become a net exporter of fuel for the first time in more than 60 years. That simple fact could drive oil-company profits for at least the next decade. It's also another sign of dramatic shifts in the energy industry, with consumption declining in the United States and rising in emerging economies. The United States exported 98 million barrels more of fuel than it imported in the first 10 months of 2011. Just a few years ago, in 2005, the country imported almost

U.S. net exporter of fuel