ENERGY
- Share via
Oil Imports to Top 50%, Study Finds: U.S. oil imports are poised to grow in 1994 because of higher demand and continued declines in domestic crude oil production, according to a study by the Independent Petroleum Assn. of America. Although oil imports have exceeded 50% periodically in the past, the study marks the first time levels are expected to be above 50% on an annual basis. The study is expected to intensify industry calls for federal tax relief and drilling incentives, although officials say there is no hope of reversing the trend.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.