U.S. DEPENDENCE ON OIL IMPORTS

U.S. DEPENDENCE ON OIL IMPORTS

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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 Oct-01 Oct-02
Total (thousand barrels per day) 19,824 19,438
Net petroleum imports percent change from same month previous year   0.13  -1.95

Net Petroleum Imports Oct-01 Oct-02
Total (thousand barrels per day) 10,432 10,593
U.S. petroleum production percent change from same month previous year   4.34   1.54

U.S. Petroleum Production Oct-01 Oct-02
Total (thousand barrels per day) 8,164 7,858
Total petroleum products supplied percent change from same month previous year  0.16 -3.75

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, November 2002, Available at: http://www.eia.doe.gov/mer.