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||Feb-01||Feb-02|
|Total (thousand barrels per day)||19,597||19,479|
|Total petroleum products supplied percent change from same month previous year||-0.20||-0.60|
|Net Petroleum Imports||Feb-01||Feb-02|
|Total (thousand barrels per day)||10,447||9,625|
|Net petroleum imports percent change from same month previous year||3.10||-7.87|
|U.S. Petroleum Production||Feb-01||Feb-02|
|Total (thousand barrels per day)||7,951||8,344|
|U.S. petroleum production percent change from same month previous year||-3.36||4.95|
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, March 2002, Available at: http://www.eia.doe.gov/mer.