11/30/2011 09:31 am ET

U.S. Still Huge Importer Of Energy Despite Increase In Refined Petroleum Exports

It's true that the United States has recently been importing lower volumes of refined petroleum products and exporting higher volumes. It's even true that shale oil and fracking have increased U.S. production of crude oil and gas in recent years, and that, combined with the Great Recession, means that net imports of all petroleum products have declined sinced 2005.

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