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US running out of room to store oil; price collapse next?

...crude, which is a type many U.S. refineries are not designed to process. Federal law restricts crude exports.? Foreign oil continues to flow into the U.S., both because of economic weakness in other countries and to feed refineries designed...

http://chronicle.augusta.com/news/business/2015-03-03/us-running-out-room-store-
US trade deficit in January falls to $41.8 billion

...only have oil costs plunged since June, but the U.S. production made possible by fracking has reduced dependence on foreign oil. Between December and January, petroleum imports fell 23 percent to $17.7 billion.

http://chronicle.augusta.com/news/business/2015-03-06/us-trade-deficit-january-f
US trade deficit hits 11-month low of $39 billion

...falling.Imports dropped even faster, falling 2.2 percent to $235.4 billion. That was primarily a reflection of foreign oil declines. The volume of crude imported in November hit its lowest level since 1994, while the average price dropped...

http://chronicle.augusta.com/news/business/2015-01-07/us-trade-deficit-hits-11-m
US trade deficit jumps 17.1 percent to $46.6 billion

...weren't for the energy boom in the United States. Higher production at home has been lowering America's reliance on foreign oil. For the year, petroleum imports fell 9.6 percent to $334.1 billion, the lowest level for imports since 2009...

http://chronicle.augusta.com/news/business/2015-02-05/us-trade-deficit-jumps-171
US trade deficit drops to $43.4 billion in October

...products more expensive in overseas markets.The big drop in global oil prices in recent months helps to lower America's foreign oil bill but it also depresses export sales since a U.S. energy production boom has been pushing U.S. petroleum exports...

http://chronicle.augusta.com/news/business/2014-12-05/us-trade-deficit-drops-434
Foreign oil actually more dependable

For all of those who want to "drill here and drill now" and to end the dependence on foreign oil, please note that Gulf of Mexico refineries shut down because of a low-volume storm, the availability of gas has just about...

http://chronicle.augusta.com/stories/2008/09/27/let_477326.shtml
Letters
Oil dependence takes stage during Broun, Isakson visits

How to end America's dependence on foreign oil was all the talk when two Georgia congressmen visited...every doable thing we can to reduce our dependence on foreign oil," Mr. Isakson said. "It will have a positive impact...

http://chronicle.augusta.com/stories/2008/07/01/met_464081.shtml
Metro
Engineers modify hybrid cars to get up to 250 mpg

...greenhouse gases and free America from its reliance on foreign oil is years or even decades away. Ron Gremban says such...hybrids, alternative fuels and other measures to reduce foreign oil dependence. Gaffney, who heads the Washington, D...

http://chronicle.augusta.com/stories/2005/08/15/liv_445540.shtml
Life & style
New offshore rig brings Brazil oil self-sufficiency

...Friday with a new sense of liberation - from dependence on foreign oil. When President Luiz Inacio Lula da Silva throws the...The milestone marks an end to decades of dependence on foreign oil, and fuel bills that plunged Brazil into debt when petroleum...

http://chronicle.augusta.com/stories/2006/04/23/bus_78507.shtml
Business
US trade deficit expands in September

...The trade gap has been tempered this year by the boom in U.S. energy production, which has reduced dependence on foreign oil and increased U.S. petroleum exports. So far this year, petroleum imports are 7.6 percent below the level of...

http://chronicle.augusta.com/news/business/2014-11-04/us-trade-deficit-expands-s