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||Jul-01||Jul-02|
|Total (thousand barrels per day)||19,919||19,689|
|Total petroleum products supplied percent change from same month previous year||1.13||-1.15|
|Net Petroleum Imports||Jul-01||Jul-02|
|Total (thousand barrels per day)||10,881||10,143|
|Net petroleum imports percent change from same month previous year||1.81||-6.78|
|U.S. Petroleum Production||Jul-01||Jul-02|
|Total (thousand barrels per day)||8,066||8,157|
|U.S. petroleum production percent change from same month previous year||-0.09||1.13|
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, August 2002, Available at: http://www.eia.doe.gov/mer.