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Amy Myers JaffeSalon |
Dating back to the 1970s, the U.S. had sent billions of dollars a year abroad to oil-producing countries in the Middle East, Africa and Latin America.
Oil prices affect the US economy differently than in past decades. Nowadays, the US is less reliant on oil imports and uses less oil to produce more...
Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.
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