U.S. oil production has grown rapidly in recent years. U.S. Energy Information Administration (EIA) data, which reflect combined production of crude oil and lease condensate, show a rise from 5.6 million barrels per day (bbl/d) in 2011 to 7.5 million bbl/d in 2013. EIA’s Short-Term Energy Outlook (STEO) projects continuing rapid production growth in 2014 and 2015, with forecast production in 2015 averaging 9.4 million bbl/d. While EIA’s Annual Energy Outlook (AEO) projects further production growth, its pace and duration remain uncertain, as shown by the significant differences between Reference case and High Oil and Gas Resource case projections, which differ in both the timing and level of the highest volume of U.S. crude oil production. EIA’s next update to the AEO will raise projected production significantly in the Reference case. Recent and forecast increases in domestic crude production have sparked discussion on the topic of how rising crude oil volumes will be absorbed. All of the net growth in U.S. domestic crude oil production between 2011 and mid-2014 has consisted of light crude with an API gravity measure that exceeds 35 degrees. Given the forecast continued growth in domestic crude production, and the expectation that additional onshore production will be dominated by light crudes, issues surrounding the absorption of domestic crude by increased runs, by like-for-like replacement of import streams with similar characteristics, or by adjustments in and displacement of other types of crude imports, are of great interest.