ClipperClip: Beverly Hills Cop

Dec 14, 2017 8:48:17 AM EST

On the set of CNBC's Squawk Box this morning, I explained how US net imports of crude and products haven't been this low since Beverly Hills Cop was number one at the box office - in February 1985.

It turns out that Beverly Hills Cop is Andrew Ross Sorkin's favorite movie, Joe Kernen hated the sequels, and Becky Quick guessed the right year.

Hark, click on the below mugshot to catch the end of the conversation, while a chart illustrating US net imports lies below:

New Call-to-action

As US domestic oil production rises, imports are dropping. Combine this with rising crude, gasoline, diesel and LPG exports, and net imports are at a 32-year low: 

net imports of oil and products.jpg

About the Author

Matt Smith

deciphers and distills what is most relevant across the energy complex into cohesive and pithy knowledge you can use. The belly laugh is a bonus.

Subscribe to Email Updates