us moving toward energy independence
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

U.S. moving toward energy independence

Arab Today, arab today

Arab Today, arab today U.S. moving toward energy independence

Washington - Upi

The United States in 2011 was a net exporter of petroleum products, prompting one analyst to say the U.S. market is nearly energy independent. Edward Morse, a commodities analyst at Citigroup, told USA Today that the United States imported 49 percent of its oil in 2010, down from 60 percent in 2005. "It's dramatic. It's transformative," he said. "We're moving toward energy independence." The shift, however, means the United States is second, only to China, in terms of greenhouse gas emissions. Some of the lucrative deposits in the United States, notably shale oil and natural gas, are stoking environmental concerns because of chemicals used during extraction. Meanwhile, U.S. refineries are processing a growing amount of so-called tar sands oil from Alberta, Canada, though that too comes with significant environmental risk. In terms of foreign affairs, however, the United States in 2011 imported 12 percent of its oil from Saudi Arabia, down from 19 percent in 1993. High energy prices are prevalent, the newspaper notes, because of world market activity. "The U.S. has been using less and producing more," James Hamilton, an economist at the University of California-San Diego, was quoted as saying.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us moving toward energy independence us moving toward energy independence

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us moving toward energy independence us moving toward energy independence

 



GMT 07:08 2013 Friday ,04 January

Nureyev\'s legacy in spotlight, 20 years on

GMT 05:44 2017 Sunday ,01 October

Wales rugby player Scott Baldwin pats lion

GMT 14:00 2017 Thursday ,02 November

Saudi forms new authority for cyber security

GMT 21:40 2015 Monday ,02 February

ChiNext Index opens lower Monday

GMT 23:07 2017 Thursday ,10 August

Abu Dhabi Crown Prince to visit India on Wednesday

GMT 12:58 2017 Monday ,27 March

Launches Kit & Kin &appoints Franklin Rae

GMT 01:20 2017 Tuesday ,29 August

Women`s quality, not quantity, needed in parliament

GMT 10:09 2017 Sunday ,15 October

Malabar Gold launches 3 stores

GMT 13:00 2018 Tuesday ,16 January

Sarraf, Marotti inspect MIBIL post in Tyre

GMT 16:56 2017 Monday ,06 February

Aoun welcomes KSA's Al Sabhan

GMT 13:21 2016 Wednesday ,16 March

PlayStation virtual reality gear to launch in October
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday