US net % Import of Petroleum

[Allch Chcar]

Remember when the US imported over 60% 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.

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.

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

[Frank Lee]

That info could put the neoconbaggers in a bind (if their relationship with facts wasn't so tenuous in the first place).

[Ryland]

Our single largest import is crude oil and tar sand and our single largest export is refined gasoline!
I'm not sure where it's currently standing, but they are trying to put a pipe line from the tar sand mine in Canada and run it straight to Texas where it will be refined in to gasoline and exported, stuff like that has very little impact on our gasoline prices because it's 100% export, it also shows that pretty much everyone else in the world is willing to pay more for gasoline then we are, but the refineries get huge tax breaks and kick backs for being here.

[Allch Chcar]

Originally Posted by Frank Lee

That info could put the neoconbaggers in a bind (if their relationship with facts wasn't so tenuous in the first place).

I'm pretty sure this falls under political discussion.

Originally Posted by Ryland

Our single largest import is crude oil and tar sand and our single largest export is refined gasoline!
I'm not sure where it's currently standing, but they are trying to put a pipe line from the tar sand mine in Canada and run it straight to Texas where it will be refined in to gasoline and exported, stuff like that has very little impact on our gasoline prices because it's 100% export, it also shows that pretty much everyone else in the world is willing to pay more for gasoline then we are, but the refineries get huge tax breaks and kick backs for being here.

The Keystone pipeline is a separate issue that I don't want to get into here. But the part about our primary import and export is good material for discussion. But remember how there was all that talk about needing more domestic refineries? Now that the demand isn't there it's even less likely to happen.

And now that I think about it, the number for net imports might have been less. I saw an article on Reuters that said Oil imports were only 60% of domestic consumption at the peak in 2005. I'll update my main post with that.

U.S. relies less on oil imports to meet fuel demand: government | Reuters