US dependence on overseas oil declined

    The United Kingdom is starting to quit its foreign oil "addiction" according to the British "Financial Times" Carola Hoyos (London report): With the rise in oil prices, the promotion of energy-saving cars and the large-scale use of ethanol fuel, imported oil is The proportion of total oil consumption in the United States has declined for the first time since 1977.
    The head of the Department of Statistics of the US Department of Energy (Department of Energy) stated that by 2015, the foreign oil dependence of the United States will be reduced from 60% to 50%, but by 2030 it will recover slightly to 54%.
    As the world’s largest oil consumer, the net oil import of the United States is expected to decline from now until 2030, ending the unilateral movement of oil import growth and domestic output decline in the past 30 years. In 2006, US President George W. Bush acknowledged in the State of the Union that the United States is "addicted to oil" and often imports from unstable regions of the world. Bush said he will work hard to solve this problem.
    Yesterday, the international oil price hovered near historical highs. China’s energy demand overshadowed the decline in U.S. demand, and Saudi Arabia’s production increase failed to alleviate market concerns about supply.
    The signs of a decline in the dependence on foreign oil in the United States have become more pronounced. In the first quarter of this year, imported oil accounted for 57.9% of total oil consumption, which was lower than last year's 58.2%. Guy Caruso, Administrator of the US Energy Information Administration, told the Financial Times that as people adjust their consumption behaviors for high oil prices, they will take effect in December 2007. With the impact of the Energy Independence and Security Act, this trend will continue.

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