U.S. Now Exports More Petroleum Products Than It Imports

Petroleum products are defined as refinery products, such as fuel. The U.S. passed a threshold in November. The EIA recorded 689.4 million barrels of oil refinery products imported and 753.4 million barrels exported in the first 9 months of 2011.

The U.S. Energy Information Administration is the source for "independent and impartial energy information" in the U.S. Petroleum products includes all refinery products, particularly gasoline, diesel, and jet fuels and "petroleum coke, which is used to make steel".

"The nation is now on track to be a net exporter of petroleum products in 2011 for the first time in 62 years. As recently as 2005, the U.S. imported nearly 900 million barrels more of petroleum products than it exported."

This 'petroleum surplus' should not be misinterpreted. "So long as the U.S. remains the world's biggest net importer of crude oil, currently taking in nine million barrels per day, it isn't likely to become energy independent anytime soon."

Contributor's note: The Wall Street Journal link may provide a limited version of the article - subscription ensures full access.

Thanks to Energy & Environment Daily

Full Story: U.S. Nears Milestone: Net Fuel Exporter

Comments

Comments

Irvin Dawid's picture
Correspondent

For detailed EIA data on "all things oil"

including fuel imports and exports see PETROLEUM & OTHER LIQUIDS. Click on the "View History" link of far right to see data from 1991-2011. Note the major change from 2005-2008: imports drop while exports surge....
Irvin Dawid, Palo Alto, CA

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!