The US imported 7.9 million barrels of oil per day in 2020. What does energy independence mean to you?
I think everyone understands that energy to power electric cars has to come from somewhere and that the infrastructure for a majority EV US won’t happen overnight. I pointed out that the volatility in the oil market and recently skyrocketing prices are a great motivation to figure out how to be energy independent with a shift toward alternative sources that are both sustainable and cleaner while reducing our reliance on a global oil market largely controlled by OPEC.
In bold red.
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The United States became a net annual petroleum exporter in 2020
In 2020, the United States
exported about 8.51 MMb/d and imported about 7.86 MMb/d of petroleum1, making the United States a net annual petroleum exporter for the first time since at least 1949. Also in 2020, the United States produced2 about 18.40 million barrels per day (MMb/d) of petroleum, and consumed3 about 18.12 MMb/d. Even though in 2020, total U.S. annual petroleum production was greater than total petroleum consumption and exports were greater than imports, the United States still imported some crude oil and petroleum products from other countries to help to supply domestic demand for petroleum
and to supply international markets.
The United States remained a net
crude oil importer in 2020, importing nearly 5.88 MMb/d and exporting about 3.18 MMb/d.
However, some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—
that the U.S. exports. Also, some of
imported petroleum may be stored and subsequently exported.
U.S. petroleum imports in 2020 were the lowest since 1991
The United States imported about 7.86 MMb/d of petroleum in 2020, which included 5.88 MMb/d of crude oil and 1.98 MMb/d of noncrude petroleum liquids and refined petroleum products. These were the lowest levels of imports of total petroleum and of crude oil since 1991.
After generally increasing every year from 1954 through 2005, U.S. total gross and net petroleum imports peaked in 2005. Increases in domestic petroleum production and in petroleum exports helped to reduce total annual petroleum net imports every year except one since 2005.
In 2020, annual petroleum net imports were actually negative (at -0.65 MMb/d), the first time this occured since at least 1949.
Oil imports and exports - U.S. Energy Information Administration (EIA)