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Why does the US imports oil?

Updated: 8/19/2019
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11y ago

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In the 1970's 85% of the oil used in the US was produced here and 25% was imported. Today it has been reversed. There are many grades to oil and some of the oil imported is a crude oil from the Middle East . Part of the reasons for imported oil are profits for the oil companies, trade agreements, and GNP.

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Zora Daniel

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2y ago
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11y ago

In the 1970's 85% of the oil used in the US was produced here and 25% was imported. Today it has been reversed. There are many grades to oil and some of the oil imported is a crude oil from the Middle East . Part of the reasons for imported oil are profits for the oil companies, trade agreements, and GNP.

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