Net Exporter Status Helps U.S. Weather Oil Shocks, Carlyle and Apollo Global Say

American stock markets have proved resilient amid recent oil price increases, as investors anticipate limited economic growth impact. This resilience stems partly from a structural transformation: the United States has become a net oil exporter for the first time since the 1950s. The country's annualized energy surplus has reached nearly $100 billion over the past twelve months, according to Jason Thomas, strategist at Carlyle. The surge in crude prices only increases this amount, the same source indicates.