The dependence of the U.S. on oil from the Persian Gulf has never been lower:
U.S. crude oil imports from Persian Gulf countries have dropped to about 500,000 barrels per day, near the lowest level in history.
Imports from Saudi Arabia, Iraq, Kuwait, UAE, Bahrain, and Qatar have decreased by 2.5 million barrels per day since the peak in 2003.
Just 9 years ago, the U.S. received about 2 million barrels per day from this region.
The current import level is only higher than the pandemic shock of 2020 and the lowest levels of the 1980s.
Meanwhile, U.S. crude oil production has reached about 13.7 million barrels per day, near an all-time high, soaring by 145% since 2003.
The U.S. is more energy independent than ever.
U.S. crude oil imports from Persian Gulf countries have dropped to about 500,000 barrels per day, near the lowest level in history.
Imports from Saudi Arabia, Iraq, Kuwait, UAE, Bahrain, and Qatar have decreased by 2.5 million barrels per day since the peak in 2003.
Just 9 years ago, the U.S. received about 2 million barrels per day from this region.
The current import level is only higher than the pandemic shock of 2020 and the lowest levels of the 1980s.
Meanwhile, U.S. crude oil production has reached about 13.7 million barrels per day, near an all-time high, soaring by 145% since 2003.
The U.S. is more energy independent than ever.
