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Friday, February 23, 2024

Middle East Oil Imports, At 20% Of U.S. Supply 5 Years Ago, Now At 10%

For the first time, the United States is likely to import 80% of all its oil from within the Western Hemisphere in 2023. Given the turmoil in the oil-rich Middle East, this matters. While this would not entirely shield the United States from potential impacts of attacks on ships traversing the Suez …

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