U.S. Dependence on Petroleum Imports Is Falling
Source: Kansas City Star, Steve Everly (8/3/11)
"The U.S. once imported two-thirds of what the country's refineries needed. In 2010, imports fell to 49%. What happened?"
The United States was so dependent on foreign oil that by 2008 it imported two-thirds of what the country's refineries needed to produce enough gasoline, diesel and the other petroleum products to meet the country's needs.
But recently the federal Energy Information Administration reported that in 2010 imports had fallen far more than many realized—to 49% of the country's needs.
What happened?. . .View full article