U.S. imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. U.S. Energy Information Administration said July 7 in its Monthly Energy Review, “The decline in imports’ share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.”
U.S. energy supply comes from three sources: domestic energy production, energy imports from other countries, and energy brought out of storage.
U.S. remained a net exporter of energy in 2024 for the third straight year after producing a record amount that exceeds consumption. U.S. total energy imports were about 22 quadrillion British thermal units in 2024 and have been relatively flat since 2021. Crude oil and refined petroleum product imports combined accounted for about 84 percent of U.S. total energy imports in 2024 with natural gas accounting for most of the remainder at 15 percent.
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