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Energy imports threaten U.S. trade gains amid rising oil prices
The article notes growing U.S. dependence on imported oil could offset progress in reducing the trade deficit. It cites a 1980s-into-1990s policy shift, dollar devaluation, and ongoing energy costs as factors. Oil imports rose, with June and first-half figures showing a sizable energy deficit alongside export figures for petroleum and coal.
MENTIONED IN THIS ARTICLE
United States
U.S
Reagan
Jaan
Bush
USS
Organization of Petroleum Exporting Countries
Iraq
Kuwait
Barry Bosworth
Brookings Institution
Commerce Department
Ray Piccini
American Petroleum Institute
API
Institute
Henry Schuler
Center For Strategic and International Studies
Energy Information Administration
U.S. Department of Energy
Schuler
Piccini