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US Oil Imports Down 10%

A year ago, President Obama pledged to reduce US dependence on foreign oil by 1/3 within a decade. We are going in the right direction!

Who knows why we waited so long? What are we doing right?

Higher US oil production does help, but in reality it’s only a drop in the bucket. Higher fuel efficiency in cars, use of renewable energy elsewhere and (unfortunately)an economy that is not close to cooking on all burners all contributed.

That said, the US only holds 2% of the oil reserves on the planet, but consumes 25%. You do the math.

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