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Measuring progress on US oil independence [ClearOnMoney]
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Measuring progress on US oil independence

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Commentary

Measuring progress on US oil independence

27 Jun 2013 by Jim Fickett.

I recently ran into another intelligent, otherwise well-informed person who thought the US was a net exporter of crude oil. The newspapers have done an extraordinarily good job of confusing people on this point. The fact is that, although US crude oil production has recently increased steeply, we still import half of what we consume. From the BP statistical summary on world energy: