A marked increase in oil production and decrease in consumption has might just have the U.S. on the road to something advocated for by every president since Richard Nixon: energy independence. In 2011, the country imported just 45 percent of liquid fuels, down from a record 60 percent in 2005. Energy independence has the potentitial to completely reshape American foreign policy and the U.S. economy, yet environmental concerns persist. We’re joined by Clifford Krauss, oil and gas business reporter for our partner The New York Times.
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