Oil Dependency

Topics: Petroleum, United Arab Emirates, Saudi Arabia Pages: 4 (1327 words) Published: January 21, 2013
dThe United States imported about 51% of the petroleum,1 which includes crude oil and refined petroleum products, that we consumed during 2009. Just over half of these imports came from the Western Hemisphere. Our dependence on foreign petroleum is expected to decline in the next two decades.

In 2009, the United States produced 11% of the world's petroleum and consumed 22%.

The United States consumed 18.8 million barrels per day of petroleum products during 2009, making us the world's largest petroleum consumer. The United States was third in crude oil production at 5.4 million barrels per day. But crude oil alone does not constitute all U.S. petroleum supplies. Significant gains occur, because crude oil expands in the refining process, liquid fuel is captured in the processing of natural gas, and we have other sources of liquid fuel, including biofuels. These additional supplies totaled 3.9 MMbd in 2009. In 2009 the United States imported 11.7 million barrels per day (MMbd) of crude oil and refined petroleum products.We also exported 2.0 MMbd of crude oil and petroleum products during 2009, so our net imports (imports minus exports) equaled 9.7 MMbd. Petroleum products imported by the United States during 2009 included gasoline, diesel fuel, heating oil, jet fuel, chemical feedstocks, asphalt, and other products. Still, most petroleum products consumed in the United States were refined here. Net imports of petroleum other than crude oil were 3.7% of the petroleum consumed in the United States during 2009. About Half of U.S. Petroleum Imports Come from the Western Hemisphere Some may be surprised to learn that 51% of U.S. crude oil and petroleum products imports came from the Western Hemisphere (North, South, and Central America, and the Caribbean including U.S. territories) during 2009. About 17% of our imports of crude oil and petroleum products come from the Persian Gulf countries of Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia, and United Arab Emirates....
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