oil imports

Mexican Crude Oil Shipments to Europe and Asia are Rising as U.S. Imports Fall

December 15, 2015 by U.S. EIA: Today in Energy

Crude Oil Shipments and Exports

In September 2015, monthly U.S. crude oil imports from Mexico totaled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January 2011. Meanwhile, Mexico's exports of heavy crude oil to Asia and light crude oil to Europe rose.[read more]

Global Energy Trends and Implications for India: The Need to Consume Less Oil

April 14, 2015 by Tobias Engelmeier

India, Global Trends, and Energy Needs

Oil consumption will rise in India as the economy and the population grows. This is a major headache for the government, since India imports almost all of this fuel. Currently oil prices are fairly low, but if they rise again, they will drive inflation and open up a large trade deficit.[read more]

Oil Import Dependence Not Aways Economic Disadvantage, Study Finds  

February 27, 2015 by Roman Kilisek

Oil Dependence and Economics

According to research by the Cologne Institute for Economic Research energy imports should not be “understood as a threat to the security of energy supply and an economic disadvantage” per se. The study finds that conclusion simplistic and points out that energy security depends on open and integrated markets.[read more]

Oil and Gas Investor Editor Leslie Haines: We Will Never Stop Importing Oil, but We May Start Exporting

October 11, 2014 by Jim Patrick

Leslie Haines is editor-in-chief of Oil and Gas Investor magazine. In November 1992, the Independent Petroleum Association of America awarded Haines with the 2nd Annual Lloyd Unsell Award for Excellence in Petroleum Journalism. She is a former president of the Houston Producers' Forum.[read more]

India, Oil, And Electric Vehicles

November 21, 2013 by Justin Guay

India, Oil, and EVs

As India reels from a perfect storm of increasing fossil fuel import bills, capital outflows, and a stagnating economic environment attention to its current account deficit has grown exponentially. I've written on the threat coal imports pose in the past but the biggest threat from fossil fuel imports is clearly oil.[read more]


Why Have U.S. Oil Imports Declined in Recent Years?

September 19, 2012 by John Miller

Oil Barrels via Shutterstock

U.S. oil imports have declined very significantly over the past four years. The Obama Administration claims credit for increased oil production and reduced U.S. oil imports based on recent policy changes. Mitt Romney proposes other changes to substantially decrease future U.S. imports. All politics aside, what factors have actually contributed towards reducing U.S. oil imports recently?[read more]

What If Saudi Arabia Became an Oil Importer?

September 7, 2012 by Geoffrey Styles

Saudia Arabia via Shutterstock

I've seen numerous references in the last several days to a Citgroup analysis suggesting that Saudi Arabia might become a net oil importer by 2030.  The premise behind this startling conclusion seems to be that economic growth and demographic trends would continue pushing up domestic Saudi demand for petroleum products and...[read more]

Canada Rises and Saudi Slides: Top 15 Sources for U.S. Crude Oil Imports in 2011

April 9, 2012 by Robert Rapier

The Energy Information Administration (EIA) recently published an article on 2011 U.S. crude oil imports. I thought it might be interesting to take a look at where the U.S. currently obtains its oil, and how that has changed over the past decade. The EIA story is: Nearly 69% of U.S. crude oil imports originated from five countries...[read more]

Tom Friedman’s False Narrative On Oil Dependence

March 16, 2012 by Robert Rapier

Twisting Facts to Support an Agenda Thomas L. Friedman, a New York Times Op-Ed Columnist, frequently writes on the topic of energy and the environment. One persistent habit he has is to omit certain important facts from a story — facts so important that they would greatly undermine the point he is trying to make. His latest column...[read more]

What’s So Bad About Exporting Gasoline?

January 9, 2012 by Robert Rapier

One of my Top 10 Energy Stories of 2011 was the fact that the U.S. had become a net exporter of finished petroleum products such as diesel and gasoline. In fact, because gasoline and diesel prices were so high, fuel exports were valued at $88 billion, which made them the top value export in 2011 for the first time ever:[read more]

Take a Stand on Keystone XL, Mr. President

November 15, 2011 by Robert Rapier

When I worked in Scotland, one of my managers was a wise Englishman named Graham Walker. As with many people whose paths I have crossed in my life, some nuggets of wisdom were transferred from Graham into my long-term memory. One of the things that stuck with me was Graham’s push for decisiveness. He would tell me “Just make a decision and move on. We have a business to run here.” Graham would say that most of the time the decisions would prove to be correct, and when they weren’t we would live with them or correct them down the road. (And of course if a person frequently makes incorrect decisions, then they can be replaced with someone who makes better decisions). But his point was that you can’t live in fear of making the wrong decision, because then nothing gets done.[read more]

US Must Balance International and Domestic Energy Policy

August 22, 2011 by Matt Hourihan

Job growth in clean energy is a tricky subject. As Brookings found, green sector employment has increased substantially in recent years, and this trend is to be applauded. But a key economic challenge is to make sure that we aren’t just swapping green jobs for fossil energy jobs, and are actually achieving net job growth. And an important way to do that is to look beyond the US market.[read more]

Obama’s Non-Plan For Reducing Oil Dependence

March 30, 2011 by Lou Grinzo

Let me begin by addressing the article itself, which commits the fundamental sin of not providing enough hard data to contextualize the news item. According to the US Dept. of Energy’s Annual Energy Review (Table 5.1 Petroleum Overview, 1949-2009, the all-time high for both US oil consumption and oil imports occurred in 2005 (20.802 and 12.549 million barrels[1] per day, respectively, making imports 60% of consumption).[read more]

China crude oil imports exceed 50% of total consumption, hits energy security alert level

March 9, 2010 by Ee Mien Low

peakoil.com -> chinadaily.com.cn : China's oil imports will continue to see solid growth this year, with more than half of the country's total oil consumption coming from abroad, industry insiders said. It is inevitable for the country - the world's second largest oil consumer - to see a robust increase of imports, as domestic...[read more]

Ethanol, Imports, and the MTBE Effect

September 30, 2009 by Robert Rapier

I am traveling later this week, and will be on the road for nine days (Colorado, New York, Massachusetts). I was trying to wrap up the loose ends from my previous post with a much more comprehensive look at the ethanol/import issue before I travel. However, there are a couple of questions I had for the EIA before I finish up. As soon as...[read more]