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Strategies & Market Trends : The coming US dollar crisis
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To: Gary Mohilner who wrote (7276)5/15/2008 7:56:50 AM
From: philv  Read Replies (1) of 71455
 
" Last I heard about 2/3rds of all the oil we use comes from inside the U.S."

Might you have this backward?

"The United States imports 58 percent of the oil it consumes. Federal officials project that by 2025, the country will have to import 68 percent of its oil to meet demand. At best, analysts say, the energy legislation would slightly slow that rate of growth of dependence."

washingtonpost.com

"Administration, Keating says the U.S. produces 5.1 million barrels (34%) of crude oil per day while importing 10.1 barrels (66%) per day."

acta.us
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