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The US's imports of foreign oil fell to 36 percent in 2013 (during the Barack Obama administration), down from a high of 60 percent in 2006 (during the George W. Bush administration). [17] Many proponents of energy independence look to the United States' untapped domestic oil reserves, either known or potential.
Tankers supplied 31 percent of the oil arriving at US refineries in 2014, down from 48 percent in 2005; the decline reflects decreased oil imports since 2005. For shorter-distance water transport, oil is shipped by barge, which accounted for 5.7 percent of oil arriving at refineries in 2014, up from 2.9 percent in 2005.
The United States was for decades, through 2008, the world's largest net importer of refined petroleum products. But the situation quickly changed in 2008 as American refineries became much more cost-competitive due to large increases in US production of oil, natural gas, and natural gas liquids. The US became a net exporter of refined ...
In March, crude oil imports were about 7.6 million barrels per day, while products imports came to about 1.8 million barrels per day. ... In fact, in January Mexico actually sent us more oil than ...
The maximum total withdrawal capability from the United States Strategic Petroleum Reserve is 4.4 million barrels (700,000 m 3) per day. This is roughly 32% of US oil imports, or 75% of imports from OPEC. Estimates of Oil Resources in the Outer Continental Shelf [13] Estimates of Onshore Oil Resources [14]
Increased reliance on imported oil coincided with the 1973 oil crisis. Total imports peaked in 2005, when they represented 30% of total consumption. A consistent decline occurred over the next 15 years, as oil production doubled and domestic use receded. This allowed the United States to be a net exporter of energy for the first time in 70 years.
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The following is a list and analysis of imports into the United States for 2020 and 2019 in millions of United States dollars. [1] [2] The United States imported $2,810.6 billion worth of goods and services in 2020, down $2,945 billion from 2019. This consisted of $2,350.6 billion worth of goods and $460.1 billion worth of services.