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U.S. petroleum imports are heading below 40% in 2013 for the first time in more than two...
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Wednesday, November 7, 2012, 12:10 PM ETU.S. petroleum imports are heading below 40% in 2013 for the first time in more than two decades, and crude oil production is currently at its highest level since 1997, the EIA says in its monthly report. Production is expected to average 6.3M bbl/day in 2012, nearly 700K bbl/day above 2011 levels and the highest output since 1997.
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