Last Year’s Petroleum Imports Hit 70-Year Low

Providing further evidence that the fracking revolution has been positive for American energy independence, the U.S. Energy Information Administration (EIA) reports that last year, net imports of petroleum from foreign countries accounted for about 2.7% of the U.S. average daily petroleum consumption. This was the lowest percentage of net petroleum imports since 1949, the first year for which the EIA has historical data. 6/22/2020