U.S. DEPENDENCE ON OIL IMPORTS
Tuesday, January 24, 2012
U.S. DEPENDENCE ON OIL IMPORTS
U.S. Petroleum Production, Products Supplied, and Net Imports (monthly data, not seasonally adjusted)
The United States now imports more petroleum than it produces domestically. U.S. dependence on foreign sources for a product of such critical importance to the U.S. economy and society has prompted national security concerns.
NOTE: Petroleum products supplied is a proxy for consumption.
| Total Petroleum Products Supplied | Dec-00 | Dec-01 |
|---|---|---|
| Total (thousand barrels per day) | 20,814 | 19,062 |
| Total petroleum products supplied percent change from same month previous year | 1.54 | -8.42 |
| Net Petroleum Imports | Dec-00 | Dec-01 |
|---|---|---|
| Total (thousand barrels per day) | 10,958 | 9,867 |
| Net petroleum imports percent change from same month previous year | 24.04 | -9.96 |
| U.S. Petroleum Production | Dec-00 | Dec-01 |
|---|---|---|
| Total (thousand barrels per day) | 7,750 | 8,180 |
| U.S. petroleum production percent change from same month previous year | -6.84 | 5.54 |
NOTE: The current value is compared to the value from the same period in the previous year to account for seasonality.
SOURCE: U.S. Department of Energy, Energy Information Administration, Monthly Energy Review, February 2002, Available at: http://www.eia.doe.gov/mer.