US begins to break foreign oil ‘addiction’

[jpak]

http://www.ft.com/cms/s/0/eda93eea-259f-11dd-b510-000077b07658.html?nclick_check=1

The US is starting to break its “addiction” to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.

The country’s foreign oil dependency is expected to fall from 60 per cent to 50 per cent in 2015, before rising again slightly to 54 per cent in 2030, according to the head of the Department of Energy’s statistical arm.

The net imports of the world’s biggest consumer are expected to fall between now and 2030, ending what has been an almost relentless 30-year climb in the use of foreign oil and a fall in domestic production. In 2006, George W. Bush said in his State of the Union speech that America was “addicted to oil” – often imported from unstable parts of the world – and said he would work to address the issue.

On Monday, oil prices hovered near record highs as China’s energy needs outweighed the reduced US demand, and Saudi Arabia output increases failed to ease supply concerns.

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[katty]

1. yup,they're gonna makes U.S. go to rehab....

[Fledermaus]

2. Gee maybe...small cars with high compression engines running on high octane gasoline/ethanol

and Vehicle to Grid Plug in Hybrids, scooters, & public transportation

O, and Human Assisted Vehicels... http://www.fledermaus.us/

[Javaman]

3. yeah, "beginning". Just like a heroin addict saying, "this is my last fix". nt