EIA stated yesterday that 2024, the United States imported about 17% of its domestic energy supply, half of the record share set in 2006 and the lowest share since 1985, according to our Monthly Energy Review. The decline in imports’ share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.
U.S. energy supply comes from three sources: domestic energy production, energy imports from other countries, and any energy brought out of storage.
In 2024, for the third consecutive year, the United States remained a net exporter of energy, producing a record amount that continues to exceed consumption. Individually, U.S. natural gas, crude oil, natural gas plant liquids (NGPLs), biofuels, solar, and wind each set domestic production records in 2024.