Sentences with phrase «falling oil imports»

Respectfully, Mr. President, falling oil imports, reduced U.S. carbon emissions and $ 2 gasoline are reasons to sustain and grow America's energy revolution — not reasons to kneecap it.

Not exact matches

«The falling pound is driving up the price of imports and rising oil prices are being reflected in higher fuel costs,» he added.

While U.S. exports are soaring, its imports are falling - reducing its economic and political dependence on oil - producing nations in the Middle East and elsewhere.

Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

In terms of oil shipments to the U.S. and China, Saudi exports to the U.S. have been on the decline as the total U.S. imports fall while domestic shale production rises.

In general, producer price pressures eased significantly in the June quarter, largely because of the fall in prices of oil and related products, and the generalised downward pressure on the prices of imported goods resulting from the exchange rate appreciation (Table 16).

Similarly, while some fuel - importing nations may see an overall benefit in terms of their trade deficits, there are plenty of oil producing countries who will lose out as demand falls and oil prices remain depressed.

In addition, the researchers conclude that under the electric car scenario, oil imports would fall from over 60 percent of total U.S. oil use currently to 40 percent.

Our crude oil imports fell mostly because of surging domestic oil production, not the RFS.

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The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..

A weak economy and more efficient vehicles cause oil imports to fall below half of U.S. consumption for the first time in 13 years.

Even more dramatic are the routine U.S. military expenditures to protect access to Middle Eastern oil, which were calculated by analysts at the Rand Corporation before the most recent Iraq war to fall between $ 30 billion and $ 60 billion a year, while the oil imported from the region was worth only $ 20 billion.