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-01||Aug-02|
|Total (thousand barrels per day)||20,153||20,157|
|Total petroleum products supplied percent change from same month previous year||-1.67||0.02|
|Net Petroleum Imports||Aug-01||Aug-02|
|Total (thousand barrels per day)||10,573||10,409|
|Net petroleum imports percent change from same month previous year||-4.74||-1.55|
|U.S. Petroleum Production||Aug-01||Aug-02|
|Total (thousand barrels per day)||8,062||8,242|
|U.S. petroleum production percent change from same month previous year||-0.31||2.23|
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 2002, Available at: http://www.eia.doe.gov/mer.