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Author: tjscott0 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726537  
Subject: Re: Are We Energy Independent? Date: 10/12/2012 2:17 PM
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this is encouraging.
http://www.businessweek.com/articles/2012-10-11/u-dot-s-dot-...

Every president since Richard Nixon has chased the dream of energy independence, promising to break the U.S. reliance on foreign oil. Today the U.S. is more energy-independent than it’s been in 20 years. But don’t give President Obama too much credit. He came into office promising to jump-start renewable energy and directed billions in subsidies toward the green economy. Meanwhile, a separate energy revolution took hold in the oil and gas fields. New drilling techniques unlocked vast reserves unreachable just a few years ago. Oil and natural gas production in the U.S. is increasing at its fastest rate in 50 years, while imports from OPEC have been cut by a quarter in the last four years.

This year the US produced 83% of the energy it consumed. Up from 73.9% in 2008.
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