Notes: Imports from Saudi Arabia amounted to about 12%. Other ME excludes imports from North Africa (Algeria and Libya). -- D.R.
Net imports have been a key source of supply for U.S. liquid fuels consumption over the years as the chart above indicates. After reaching a trough in the mid-1980s, net imports of liquid fuels generally rose until 2005. More recently, increases in domestic production and declines in consumption [during the recession -- D.R.] both have led to a drop in net imports of liquid fuels. Net imports of liquid fuels represented about half of U.S. liquid fuels consumption in 2010. [Full story but please see interactive graphics -- D.R.]
(U.S. total consumption of petroleum and non-petroleum liquid fuels increased by some 380,000 barrels per day or 2.0% to 19.148 million b/d in 2010, compared to the previous year. U.S. liquid fuel net imports, including both crude oil and refined products, fell from 9.667 million b/d in 2009 to 9.441 million b/d in 2010, comprising 49% of total consumption in 2010, compared with nearly 52% in 2009---please see chart/interactive above. During the same period, U.S. total liquids production grew from 9.212 million b/d to 9.755 million b/d. In retrospect, liquid fuel net imports fell from 60% of total U.S. consumption in 2005 to 49% in 2010---please see chart above. Currently, the United States still relies heavily on imported oil. In 2010, it imported 9.163 million b/d of crude oil and nearly 2.6 million b/d of refined products, according to data from the EIA---please see my post here. U.S. crude oil production last year increased by 151,000 b/d to 5.512 million b/d---please see Aaron and David Rachovich, "U.S. Crude Oil Production/Table," here. In a speech at Georgetown University in Washington, March 30th, President Obama said, "Last year, American oil production reached its highest level since 2003, and for the first time in more than a decade [last time 1997 - 49% -- D.R.], oil we imported [net imports] accounted for less than half the liquid fuel we consumed [i.e., 49%, see above -- D.R.]."---please see OGJ, Mar 30, 2011, here. Separately, for the U.S. crude oil imports alone from Top 15 countries in 2010, please see our post here. -- D.R.)