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February 19, 2007

How energy dependent are we?

Statistics show that the United States gets 60 percent of its oil from other countries. But that doesn't necessarily mean we are heavily dependent on other countries for our energy supplies, says N.C. State University economist Mike Walden.

"I think many times we forget that oil is not our only energy source," says Dr. Walden, a North Carolina Cooperative Extension specialist. "We also have natural gas, coal, nuclear power and, of course, increasingly, renewable energy sources.

"When we tally up all of our oil and energy supplies, we see that 70 percent of our energy sources come from our own country. So you could actually say … that we are 70 percent energy self-sufficient.

"Now, of course one issue -– one big, big issue -– with energy is that for one of our major sectors, transportation," he adds, "it’s largely dependent on one source, oil, and there we are dependent upon other countries."

Posted by deeshore at February 19, 2007 08:39 AM

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