What was once just rhetoric is becoming reality – the latest numbers from the Energy Information Administration show the U.S. is making strides towards winning its battle for energy independence.
The EIA’s 2011 fourth quarter report was released in mid-January and shows the United States supplied almost 58 percent of the crude oil and liquids that its citizens consumed. To put that in perspective, look back just five years ago to 2006 when America imported 60 percent of its crude and supplied only 40 percent of what we consumed.
In addition, for the first time in recent history, net imports of liquids were less than 8 million barrels a day. In 2006, the U.S. imported an average of 12.4 million barrels of oil each day, leading to a drop of 35 percent over the last half decade. Even more, the EIA says that by 2035, net imports will drop as low at 35 percent.
These numbers are leading many experts to agree that America’s energy independence is within reach.
Experts credit growing U.S. domestic production as well as a decline in consumption for the positive numbers.
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