Gas prices may be up, but it’s not from a shortage of domestically produced fossil fuels. The US is producing more than at any time in the recent past, according to University of Michigan economics professor and American Enterprise Institute scholar Mark J. Perry in a post from Business Insider. The US is also producing almost 85% of its fossil fuel consumption. If that % gets to 100%, does that mean we are energy independent? Also, I can’t tell what has happened to overall US consumption.
February 7, 2013 at 8:02 pm |
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Thanks a lot-Michaela