In April 2014, the Energy Information Administration (EIA) released a report that stated net US oil imports could drop to zero sometime between 2035 and 2040. An excerpt from the report read as follows:
“Under the Reference case, the import share of U.S. petroleum and other liquid fuels falls to about 25% during the last half of the current decade before rising again to 32% by 2040. In comparison, the High Oil and Gas Resource case projects that net U.S. oil imports will continue to decline through the mid-2030s and remain at or near zero between 2035 and 2040.”
