Thursday, April 03, 2014

US energy imports hit two-decade low

The United States imported a net 12.7 quadrillion British thermal units (BTU) of energy in 2013, the lowest import level in 28 years. The last time net imports were lower than 2013 was in 1985, when the U.S. brought in 7.6 quadrillion BTU, the Energy Information Administration said Wednesday. The EIA tracked imports every five years until 2000. Total energy imports fell 9 percent, the EIA said. Crude oil imports dropped 12 percent, due largely to a 15 percent increase in U.S. oil production...more

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