Why being a ‘net oil exporter’ doesn’t insulate the U.S. from gas-price shocks

The United States is still a participant in the global economy and relies on the imports of crude oil from other countries.

An oil/chemical tanker is moored at the Norco Refining Company in Norco, La., on April 2. (AP Photo/Gerald Herbert)

An oil/chemical tanker is moored at the Norco Refining Company in Norco, La., on April 2. (AP Photo/Gerald Herbert)

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