US Oil Importations Reaches New Lows

From The Economist: Net imports of oil to America are set to fall to 6m barrels a day next year, the lowest level since 1987, according to the Energy Information Administration. This is because domestic fuel production, helped by hydraulic fracturing, or fracking, is booming while consumption is declining.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s