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Net Oil Imports ‘Could Drop to 7% by 2040’

Net Oil Imports ‘Could Drop to 7% by 2040’

US crude oil production, which is currently projected to range between 6 and 8 million barrels per day (bbl/d) over the next 30 years, could reach as high as 10 million bbl/d by 2040 under an alternative resource scenario, according to the Energy Information Administration. Total US liquid fuels production, … Read more »