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Politics : View from the Center and Left

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From: KyrosL	9/4/2012 10:34:59 AM
	Read Replies (2) of 541836

Net oil imports into the US are the lowest in twenty years. June net oil imports were the lowest since 1993. This is one of the key reasons US GDP growth is positive and the US economy is performing better than other developed economies. eia.gov The fall in net oil imports has now lasted longer than the late seventies to mid eighties fall, which was due to the quantum jump in oil prices due to oil embargoes and the Iranian revolution as well the double dip recession of the early eighties.

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