Editorial: Get the U.S. back in the oil-exporting game

Editorial: Get the U.S. back in the oil-exporting game

Orange County Register | December 16, 2014 | by The Editorial Board

Four decades later, the U.S. has largely weaned itself from dependence on foreign oil, with the U.S. Energy Information Administration projecting that crude imports will account for only one-fifth of U.S. consumption in 2015.  That turnabout is almost entirely attributable to America’s black gold rush – domestic crude production has increased from 5 million barrels a day in 2008 to a projected 9.4 million barrels a day in 2015. This game-changing development was brought about by advances in horizontal drilling and hydraulic fracturing.

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