New research published this week by Bloomberg reports that “the U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency.”
Other topline findings: “domestic oil output is the highest in eight years. … Domestic crude oil production rose 3.6 percent last year to an average 5.7 million barrels a day, the highest since 2003, according to the Energy Department.”
Alongside this increase in output, figures released earlier this year showed that since President Obama took office, America’s foreign oil imports have fallen by an average of 1.1 million barrels a day and are now at their lowest level in 16 years— a significant step towards energy independence.
They’re encouraging numbers. Take a minute to share them with friends who are concerned about energy independence.