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Chart of the Day - US Oil Imports

Tuesday, August 11, 2009, 8:20 AM
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This is your chart of the day.  If anything can explain exactly the sort of difficulties our economy is facing, this is it.

(Source)

All economic growth requires energy.  This decline in energy use is the first such decline in the entire history of our energy records.  Sure, there have been a couple of minor dips (back in the 1970's), but nothing quite like this.

 

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