From Economist Magazine—March 9 2013
Business This Week section
China overtook America in December as the
world’s biggest oil importer for the first time.
America’s net oil imports slid to 5.98m barrels a day, the lowest since
February 1992, while China’s rose to 6.12m. America’s reliance on oil imports
has fallen as domestic production has surged to 7m b/d, mostly because of the
boom in shale oil.
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