US sees ‘dramatic reduction’ in foreign oil imports

The US has “dramatically reduced” its dependence on oil imports, falling 40% over the last seven years. According to the International Institute for Strategic Studies (IISS), monthly imports peaked in September 2006 at 12.7 million barrels per day (mb/d) and had declined to 7.6mb/d by November 2012. It claims the reduction in need for foreign […]

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