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    Aug-00       Aug-01   
Total (thousand barrels per day) 20,496 19,993
Total petroleum products supplied percent change from same month previous year   2.01  -2.45
Net Petroleum Imports    Aug-00       Aug-01   
Total (thousand barrels per day) 11,099  9,799
Net petroleum imports percent change from same month previous year   8.39 -11.71
U.S. Petroleum Production    Aug-00       Aug-01   
Total (thousand barrels per day)  8,117  8,084
U.S. petroleum production percent change from same month previous year  -1.04  -0.41

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