As discussed before, with the domestic demand lower and production higher, the US is importing an increasingly smaller portion of its fuel consumption. A good discussion on lower demand for diesel fuel can be found here. A similar trend exists in the US demand for gasoline, jet fuel, and in particular heating oil (given the warm winter).
Again, just to bust a few myths on this topic, the US oil production/exploration activities continue to increase sharply. This activity can be seen in the increases of the number of rigs.
|Source: Barclays Capital|
For some reason this upsets some people who are looking for signs of "peak oil". But whatever the long term forecasts, these are the facts today.