{"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":"

U.S. Crude Independence Takes Important First Step\u00c2\u00a0–<\/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><\/p>\n

\"U.S.<\/a>
U.S. Crude Oil Production and Imports<\/figcaption><\/figure>\n

Despite this remarkable progress, the move toward crude independence will require much more domestic production. An 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

Sign up<\/a>\u00c2\u00a0to receive RegionTrack’s PIC OF THE WEEK!
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 <\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Crude Independence Takes Important First Step\u00c2\u00a0–\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…<\/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":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t