U.S. Petroleum Exports Global Oil: Midstream and Downstream Morgan Stanley Global Commodities Conference December 12, 2012 Sunny Isles Beach, FL by Adam Sieminski, Administrator U.S. Energy Information Administration…
U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades Annual U.S. net exports of total petroleum products, 1949 2011 million barrels per day 4 3 net 2 exporter exports 1 0 -1 net exports…
U.S. exports of petroleum products increase as markets become more globally integrated U.S. petroleum product exports, rolling three-month average thousand barrels per day 2500 2000 1500 distillate 1000 finished motor gasoline…
U.S. distillate fuel exports continue to grow U.S. distillate exports thousand barrels per day 1,200 Central & South America Mexico 1,000 Western Europe Other 800 600 400 200 0 2003 2004 2005 2006 2007 2008 2009 2010 2011…
U.S. tight oil production leads a growth in domestic production of 2.6 million barrels per day between 2008 and 2019 U.S. crude oil production million barrels per day History 2011 Projections 8 6 Tight oil 4 Other lower 48…
U.S. oil consumption remains below 20 million barrels per day U.S. liquid fuels supply million barrels per day History 2011 Projections 25 Biofuels excluding imports 20 12% Natural gas plant liquids 17% 5% 15 7% 38% 1% Liquids…
Light-duty vehicle liquids consumption is lower due to more stringent CAFE standards and consumer choices Light-duty vehicle liquids consumption million barrels per day 10 AEO2012 8 AEO2013 6 4 2 0 2010 2015 2020 2025…
U.S. dependence on imported liquids declines in the AEO2013 U.S. liquid fuel supply million barrels per day History 2005 2011 Projections 2035 25 20 Consumption 15 37% 37% 60% 45% Net imports 10 Domestic supply 5 0…
AEO2012 side cases showed even lower imports, but not self- sufficiency U.S. liquid fuel supply million barrels per day History 2005 2010 Projections 25 Net 20 imports, Consumption 2035 High TRR/ Net imports, 2005 Vehicle Policy…
Exports of U.S. crude oil continue to grow U.S. crude oil exports thousand barrels per day 70 Other Destinations Other to Canada 60 NY to Canada MI to Canada ND to Canada 50 40 30 20 10 0 2007 2008 2009 2010 2011 2012…
Regulations for crude oil export licenses Currently, crude oil produced in the United States can be exported only when a license is granted by the Bureau of Industry and Security (BIS) at the Department of Commerce. According to the…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/forecasts/aeo Short-Term Energy Outlook www.eia.gov/forecasts/steo International Energy Outlook…