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Diminishing Dependence
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Diminishing Dependence

Shrinking US Oil Imports

The Economist Intelligence Unit
EIU, 2013
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8

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Recommendation

Peaking in 2005, the United States’ dependence on oil imports has plunged since 2008, thanks to rising domestic supplies and falling domestic demand. This shifting trend is sending ripples across the global energy sector. The Economist Intelligence Unit’s analysis doesn’t merely check the tires of the energy market vehicle; it gets under the hood to examine the engine of change that is driving America’s dynamic oil industry. getAbstract recommends this report to energy investors and to US policy makers who need to plan for America’s future energy needs.

Take-Aways

  • Peaking in 2005, US dependence on imported oil has plummeted since 2008, because new methods of extracting oil from shale rock boosted domestic supply.
  • Meanwhile, due to the global financial crisis, among other factors, domestic demand has fallen sharply.
  • The US is now a net exporter of refined oil products, such as gasoline and jet fuel.

About the Author

The Economist Intelligence Unit is an independent research and analytics organization.

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