We Produced More Oil Than We Imported Last Month

U.S. oil production exceeded imports in October for the first time in two decades.
National Journal
Alex Brown
Nov. 13, 2013, 11:13 a.m.

The U.S. im­por­ted less crude oil than it pro­duced in Oc­to­ber, the En­ergy In­form­a­tion Ad­min­is­tra­tion an­nounced Wed­nes­day, the first time in 20 years it has met that threshold. 

“This mile­stone is a res­ult of both in­creased pro­duc­tion and ad­min­is­tra­tion policies, like in­creased fuel-eco­nomy stand­ards, that cut oil con­sump­tion, cut car­bon pol­lu­tion, and cut con­sumer bills,” White House press sec­ret­ary Jay Car­ney said, lead­ing off his daily brief­ing.

Not so fast, shot back the Amer­ic­an Pet­ro­leum In­sti­tute. “Cred­it for the rise in Amer­ic­an en­ergy pro­duc­tion goes to the men and wo­men work­ing every day to de­vel­op oil and nat­ur­al gas here at home,” API’s Kyle Isakower said in a re­lease. “In areas con­trolled by the fed­er­al gov­ern­ment, pro­duc­tion has ac­tu­ally fallen on Pres­id­ent Obama’s watch.”

EIA’s re­port puts U.S. pro­duc­tion at 7.7 mil­lion bar­rels per day, while im­ports fell to 7.6 mil­lion bar­rels per day, the low­est since 1991.