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US Shale Oil Reducing Direct Dependence

Via Mark Perry:

Prices are still largely a function of world markets, but the idea that Keystone XL, for instance, won’t help this is just silly.  And the Left keeps touting boutique energies like solar and wind as means to “energy independence.”  Can we please stop the ethanol mandate now?

Note also that this peaked in 2005, and has been declining as a result of Bush-era policies that the current administration would dearly love to put an end to.

Posted in Economics.