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Politics : Formerly About Advanced Micro Devices
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To: Wharf Rat who wrote (899400)11/6/2015 9:14:07 PM
From: Sdgla  Read Replies (1) of 1576231
 
United States Becomes Self-Sufficient in Oil

The need for oil imports in the U.S. is expected to evaporate in the 2030s, thanks to the continued development of tight oil. The projection, if achieved, is remarkable considering the global innovator of shale imported 60% of its oil demand in 2005. The number dropped to 52% in 2013 – the same year net energy imports to the U.S. reached its lowest point in 20 years. The Energy Information Administration reported last week that imports of light grade crude have already been virtually eliminated.
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