MISC, Teekay Won’t Give Thanks as America’s Energy Independence Day Approaches — Panjiva
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MISC, Teekay Won’t Give Thanks as America’s Energy Independence Day Approaches

Canada 366 Corp - Shipping 684 Energy - Conventional 316 Energy - Crude Oil 216 Mexico 587 Mode - Seaborne 1408 Mode - Tanker 177 U.S. 3834

The U.S. may reach full energy independence by Feb. 2020 according to Rystad Energy. The country is also close to becoming a net energy exporter on a 12 month average basis. Imports of energy products were equivalent to just 103% of imports in the 12 months to Sept. 30 compared to 155% in 2016 and 288% in 2012. A drop in imports has been a major driver as well as increased oil and natural gas exports. Imports of crude oil fell 7.5% year over year in 3Q, with shipments from outside Canada and Mexico having slumped by 27.1%. That bodes ill for marine shipping firms carrying oil into the U....

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