US dependence on foreign oil growing – experts

US dependence on foreign oil growing – experts

By Robert Gibbons 28 minutes ago

NEW YORK (Reuters) – U.S. dependence on foreign crude will keep growing despite efforts to spur domestic production, as demand in the world’s largest energy consumer outpaces output, industry and government experts said Tuesday.

“Most people expect that over the next couple of weeks we might see crude inventories begin to fall, because to maintain 10.5 million (barrels per day of imports) or more would be a high level,” he said.

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