POLITICS

Charticle: U.S. oil production on the rise

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Politics,Beltway Confidential,Conn Carroll

Thanks to big oil production boosts in North Dakota, Texas and other states, U.S. net oil imports were only 45.4% of domestic oil consumption in 2011. As recently as 2005, the United States imported 60%, mostly from countries that are hostile to American interests. More domestic oil production means more U.S. jobs, more U.S. revenues, and less money for foreign oil monopolies.

Hat tip: Mark Perry

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