Remember when the US imported over 6
0% of it's Petroleum for domestic consumption? Our net imports are now down to 45% of domestic consumption according to the
US Energy Information Administration. US Petroleum consumption is down as a whole and we're even exporting large quantities of Petroleum products.
Quote:
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Originally Posted by US EIA
Reliance on Petroleum Imports has Declined
U.S. dependence on imported oil has declined since peaking in 2005. This trend is the result of a variety of factors including a decline in consumption and shifts in supply patterns.1 The economic downturn after the financial crisis of 2008, improvements in efficiency, changes in consumer behavior and patterns of economic growth, all contributed to the decline in petroleum consumption. At the same time, increased use of domestic biofuels (ethanol and biodiesel), and strong gains in domestic production of crude oil and natural gas plant liquids expanded domestic supplies and reduced the need for imports.
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Vague pie charts included for visual identification.
Source: US Energy Information Administration.
EIA's Energy in Brief: How dependent are we on foreign oil?
And if you forgot about our Oil dependence when it peaked 7 years ago, here's an accompaniment article.
http://www.reuters.com/article/2011/...74O78R20110525