Has US dependency on oil decreased in the past few years?



  1. 0 Votes

    Not much. US consumption is down about 1 million barrels a day, or a bit more, to 19.6 million barrels a day. This is mostly due to decreased demand due to the recession, and most of it is in lower demand for diesel and jet fuel rather than gasoline, as trucking and air transport are used less.

    You could certainly say that the decreased demand indicates lower dependency, but personally I think that would be a mistake. It’s not as if the lower demand reflects that much additional use of alternatives, but rather it is simply a slower economy that uses less. We remain incredibly dependent on oil, far and away the world’s largest consumer.

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