America the Independent: Oil Imports Reach New Low: America is about to reach a new energy milestone: ‘Oil imports will will drop to the lowest level in more than 25 years in 2014’
'Imports will fall to six million barrels per day, half of the 12 million barrels per day we imported from 2004–07, putting America well on the road to energy independence...has a lot to do with new drilling technologies changing domestic oil production landscape...new extraction techniques like fracking and horizontal drilling..The IEA now believes U.S. will become world's largest oil producer by end of the decade, perhaps even cutting net imports down to zero'
