Oil Deficit Continues to Slide

Posted March 31, 2014 at 10:58am

Wall Street Journal : “The U.S. economy has been performing better than most of the rest of the world, but the growth differential has not triggered a sharp worsening in the U.S. trade deficit. One reason is the steep narrowing in the oil deficit. Thanks to greater domestic natural gas production and better energy efficiency, the U.S. is importing less oil than it did just a few years ago.”