US oil imports are falling quickly in 2009, since our demand is lower and our domestic production strong. Today’s US Energy Information Agency (EIA) weekly petroleum report showed crude oil imports down more than 10% from the same week in 2008, and production up around (more…)
Posts Tagged ‘imports’
US Oil Imports Down, Supplies Ample
Wednesday, February 25th, 2009January Mexico Oil Production Continues Quick Decline
Saturday, February 21st, 2009
Once the biggest oil field in the hemisphere, production from Mexico’s Cantarell continues to decline at an astounding rate. This past January, output was down 38% (!) from January 2008. This collapse sent total Mexican crude oil production down by (more…)