According to recently released data from the Energy Information Administration, the Great American Energy Boom set another milestone in 2013 as “net oil imports” fell to a 28-year low of 33.2%, the lowest level since 1985. The surge in domestic crude oil production from shale formations in recent years, along with a decrease in crude oil imports, has brought about an amazing turnaround in America’s reliance on foreign sources of oil, and the chart above captures that turnaround graphically.
Saturday, February 22, 2014
Energy fact of the day: Net oil imports fell to a 28-year low of 33.2% in 2013, another energy milestone for US shale boom
Energy fact of the day: Net oil imports fell to a 28-year low of 33.2% in 2013, another energy milestone for US shale boom | AEIdeas
According to recently released data from the Energy Information Administration, the Great American Energy Boom set another milestone in 2013 as “net oil imports” fell to a 28-year low of 33.2%, the lowest level since 1985. The surge in domestic crude oil production from shale formations in recent years, along with a decrease in crude oil imports, has brought about an amazing turnaround in America’s reliance on foreign sources of oil, and the chart above captures that turnaround graphically.
According to recently released data from the Energy Information Administration, the Great American Energy Boom set another milestone in 2013 as “net oil imports” fell to a 28-year low of 33.2%, the lowest level since 1985. The surge in domestic crude oil production from shale formations in recent years, along with a decrease in crude oil imports, has brought about an amazing turnaround in America’s reliance on foreign sources of oil, and the chart above captures that turnaround graphically.
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