U.S. oil imports declining

heating oil

SPRINGFIELD, Mass. (WWLP) – Soon the United States may stop relying heavily on imported oil.  USA Today reported on Friday a new era of energy independence could be just a few years away.

Crude oil imports declined 9 percent last year.

Analysts say the diminishing dependence on foreign oil doesn’t completely protect us from price swings.

But it could prevent sudden, sharp price increases that are often caused by political conflicts in other oil producing conflicts.

“I think that’s good as long as we take care of the land and everything. I think it’s ok to have a global economy, and I think that’s part of it. So I’m not too uncomfortable with it,” Lu Barden of Huntington said.

Meanwhile we are exporting more refined gasoline and diesel.  That’s because of the abundant U.S. oil and reduced consumption due to fuel-efficient cars.

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