Carpe Diem

Energy fact of the day: OPEC imports are at a 25-year low

opec

According to data released this week from the Energy Information Administration, imported oil from OPEC countries this year, at an average of 3.368 millions of barrels per day through March, is at the lowest level since 1988 (see chart above). That’s a 38% reduction from the peak of 5.4 million barrels of oil per day that were imported from OPEC countries in 2008 — before America’s shale oil boom created an energy revolution.

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