The US imports oil because we consume more oil than we can produce. The graphic shows US oil production from 1920 to 2008. Peak oil in the US was reached in 1973. Peak oil is the point of maximum oil production.
These days we produce the same amount of oil we were producing in 1946, regardless of how many wells we have in operation. The numbers are thousand barrels
Data source eia.doe.gov.
Other Posts on topic: Why gas costs so much, Peak oil and the end of gas,
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2 comments:
Note the decrease in oil imports around 1983, that was caused by reduced consumption after the 1978 oil crisis.
Oh, the US imports 58.2% of its oil. Most crude oil comes from Canada.
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