Foreign Oil Imports Drop As U.S. Drilling Ramps Up

President Obama's critics say he has blocked domestic oil production. But under his administration, a steady uptick in U.S. drilling operations, combined with falling overall consumption, has led to a steep drop in the percentage of oil the U.S. imports. Analysts say by 2035, the U.S. will import a little more than a third of its oil, down from 60 percent in 2005.

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