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Briefing

United States: Oil Production and Supply

Critical Issues

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Background:

U.S. oil production has been trending downward for several decades. In recent years increased production in the Gulf of Mexico has offset declining production in the continental U.S. Canada, Venezuela, Saudi Arabia, Nigeria and Mexico continue to account for over 60% of United States crude oil imports.

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Associated Readings

Analysis Energy Information Administration latest Summary of Weekly Petroleum Data Research New York University Dermot Gately, Hillard G. Huntington and Joyce M. Dargay December 2007 Price and Income Responsiveness of World Oil Demand, by Product Blogs The Oil Drum Feb 27, 2009 Can you believe EIA Weekly petroleum demand estimates? Analysis DnB NOR Markets Q3 2008 The short term vs the long-term oil market Analysis Cambridge Energy Research Associates Jun 20, 2008 CERA: “Peak Demand” -- U.S. Gasoline Demand Likely Peaked in 2007 Analysis Congressional Research Service Carl E. Behrens and Carol Glover May 2008 Energy: Selected Facts and Numbers