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Politics : PRESIDENT GEORGE W. BUSH
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To: DOUG H who wrote (197765)10/30/2001 4:22:06 PM
From: J_F_Shepard  Read Replies (1) of 769670
 
"We went from importing 30% to 60% foreign under clinton "

First of all, oil production in the USA peaked about 1971 and has been dropping almost linearly ever since. In the last decade our known reserves have stayed constant at about 27 billion barrels which means we haven't found anymore and at present rates of consumption we can expect an increasing portion of our oil to be imported. You are wrong,however, in stating that our imports from the Arabs went from 30-60% under Clinton. In fact, when Clinton came in office the Mid-East accounted for 23% of our imports. That has dropped to 13% now, ie we are importing more oil but less of it from the Mid-East.

So who is clueless?
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