Where does the United States buy crude oil?

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2026-03-05 19:40

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The US buys 90% of it's oil domestically. Canada is the US largest trading partner for oil imports. Only 3 countries in the Middle East made the top 10 list of US oil trade deficit. US gas consumption will continue to rise in the long run equalibrium. In the short run of 2008 US gas consumption will be lower due to a war driven resession. Inflation will create a larger short run money supply and eventually create lower unemployment in the long run.

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