{"id":5383,"date":"2014-05-19T07:50:24","date_gmt":"2014-05-19T13:50:24","guid":{"rendered":"http:\/\/www.regiontrack.com\/www\/?p=5383"},"modified":"2014-05-19T07:50:24","modified_gmt":"2014-05-19T13:50:24","slug":"pic-of-the-week-u-s-crude-production-finally-surpasses-imports-05192014","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/pic-of-the-week-u-s-crude-production-finally-surpasses-imports-05192014\/","title":{"rendered":"Pic-of-the-Week: U.S. Crude Production Finally Surpasses Imports (05\/19\/2014)"},"content":{"rendered":"<p><span style=\"color: #000000;\"><em><strong>U.S. Crude Independence Takes Important First Step\u00c2\u00a0&#8211;<\/strong>\u00c2\u00a0<\/em>Surging domestic crude production\u00c2\u00a0finally surpassed the level of imports in early 2014. The roughly 1 billion barrel increase (50%+ gain) in annual production since late\u00c2\u00a02009 is mirrored by a 1 billion barrel decline in annual crude imports. The value of this production-for-imports swap is approximately\u00c2\u00a0$100 billion annually at current oil prices.<\/span><!--more--><\/p>\n<figure id=\"attachment_5384\" aria-describedby=\"caption-attachment-5384\" style=\"width: 695px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5384 size-large\" src=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-1024x551.png\" alt=\"U.S. Crude Oil Production and Imports\" width=\"695\" height=\"373\" srcset=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-1024x551.png 1024w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-300x161.png 300w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-768x413.png 768w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-200x108.png 200w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-400x215.png 400w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-600x323.png 600w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-800x430.png 800w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-1200x646.png 1200w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><\/a><figcaption id=\"caption-attachment-5384\" class=\"wp-caption-text\">U.S. Crude Oil Production and Imports<\/figcaption><\/figure>\n<p>Despite this remarkable progress, the move toward crude independence will require much more domestic production. An <em>additional<\/em> 2 billion barrel increase in annual production would likely be needed to reduce imports to just our\u00c2\u00a0stable and reliable long-term\u00c2\u00a0trading partners.<\/p>\n<div align=\"center\"><a title=\"Sign up for our Pic-of-the-Week\" href=\"http:\/\/www.regiontrack.com\/www\/pick-of-the-week-web-signup\/\" target=\"_blank\">Sign up<\/a>\u00c2\u00a0to receive RegionTrack&#8217;s PIC OF THE WEEK!<br \/>\n[email_link]<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Crude Independence Takes Important First Step\u00c2\u00a0&#8211;\u00c2\u00a0Surging domestic crude production\u00c2\u00a0finally surpassed the level of imports in early 2014. The roughly 1 billion barrel increase (50%+ gain) in annual production since late\u00c2\u00a02009 is mirrored by a 1 billion barrel decline in annual crude imports. The value of this production-for-imports swap is approximately\u00c2\u00a0$100 billion annually at current&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5384,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,13,1],"tags":[31,72],"post_series":[],"class_list":["post-5383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-graphic","category-pic-of-the-week","category-uncategorized","tag-crude-oil","tag-oil-and-gas","entry","has-media"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"thumbnail":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-150x150.png",150,150,true],"medium":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-300x161.png",300,161,true],"medium_large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-768x413.png",768,413,true],"large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-1024x551.png",980,527,true],"1536x1536":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",1536,827,false],"2048x2048":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",2048,1102,false],"lightbox":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"search_results":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",125,67,false],"blog_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519-250x150.png",250,150,true],"blog_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"blog_post_full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"blog_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"portfolio_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"portfolio_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"portfolio_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"staff_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"staff_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"staff_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"testimonials_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"testimonials_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false],"gallery":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20140519.png",4315,2322,false]},"uagb_author_info":{"display_name":"mcsnead","author_link":"https:\/\/www.regiontrack.com\/www\/author\/mcsnead\/"},"uagb_comment_info":0,"uagb_excerpt":"U.S. Crude Independence Takes Important First Step\u00c2\u00a0&#8211;\u00c2\u00a0Surging domestic crude production\u00c2\u00a0finally surpassed the level of imports in early 2014. The roughly 1 billion barrel increase (50%+ gain) in annual production since late\u00c2\u00a02009 is mirrored by a 1 billion barrel decline in annual crude imports. The value of this production-for-imports swap is approximately\u00c2\u00a0$100 billion annually at current&hellip;","_links":{"self":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/comments?post=5383"}],"version-history":[{"count":0,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media\/5384"}],"wp:attachment":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media?parent=5383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/categories?post=5383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/tags?post=5383"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/post_series?post=5383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}