U.S. crude oil production is on pace to hit 7.3 billion barrels a day by the end of this year, according to the EIA.
That would put it above total imports, which will be hovering around 7 billion barrels a day by December.
The last time production outpaced imports was 1995, according to the EIA. And by 2014, production-imports gap could rise to as much as 2 billion barrels.
Here’s the chart:
The reason, of course, is the shale boom.
The cross-over could happen even sooner if production ramps up, the EIA says.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.