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.