U.S. DEPENDENCE ON OIL IMPORTS

U.S. DEPENDENCE ON OIL IMPORTS

U.S. Petroleum Production, Products Supplied, and Net Imports (monthly data, not seasonally adjusted)

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 Jun-00 Jun-01
Total (thousand barrels per day) 20,054 19,274
Total petroleum products supplied percent change from same month previous year   1.10  -3.89
Net Petroleum Imports Jun-00 Jun-01
Total (thousand barrels per day) 11,107 10,248
Net petroleum imports percent change from same month previous year   8.33  -7.73
U.S. Petroleum Production Jun-00 Jun-01
Total (thousand barrels per day) 8,124 7,965
U.S. petroleum production percent change from same month previous year  0.33 -1.96

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, June 2001, Available at: http://www.eia.doe.gov/mer.