Where does our oil come from and how much does the United States depend on foreign oil?
A recent report by the Energy Information Administration noted that the United States imported 58 percent of the petroleum American’s consumed in 2007. Petroleum imports include about 90 percent crude oil and 10 percent other petroleum products.(5) U.S. oil production peaked over 35 years ago in 1970 and has been declining since. Until 1997, the share of petroleum consumption produced domestically in the United States outweighed the share of imports. The U.S. consumed 20.68 million barrels of petroleum products per day in 2007. The U.S. imported about 3.7 billion barrels of crude oil in 2007. Canada was the largest provider of crude oil to the United States in 2007, comprising 18.8 percent of our crude oil imports. Saudi Arabia was second providing 14.4 percent of U.S. crude oil imports and Mexico was third with 14 percent. In 2006, 50 percent of our oil imports came from producers in the Western hemisphere while only 16 percent was produced in the Persian Gulf. However, Persian Gulf s
A recent report by the Energy Information Administration noted that the United States imported 58 percent of the petroleum American’s consumed in 2007. Petroleum imports include about 90 percent crude oil and 10 percent other petroleum products.(5) U.S. oil production peaked over 35 years ago in 1970 and has been declining since. Until 1997, the share of petroleum consumption produced domestically in the United States outweighed the share of imports. The U.S. consumed 20.68 million barrels of petroleum products per day in 2007. The U.S. imported about 3.7 billion barrels of crude oil in 2007. Canada was the largest provider of crude oil to the United States in 2007, comprising 18.8 percent of our crude oil imports. Saudi Arabia was second providing 14.4 percent of U.S. crude oil imports and Mexico was third with 14 percent. In 2006, 50 percent of our oil imports came from producers in the Western hemisphere while only 16 percent was produced in the Persian Gulf. However, Persian Gulf s
