Friday, March 15, 2013

Oil Production US Vs China


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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