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Eight Reasons We’re Using Less Oil

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First, the bad news: the prices of crude oil -- and gasoline at the pump -- are through the roof again. Pundits talk grimly about the nation's overdependence on oil from nations in turmoil in the Middle East and north Africa -- and the potential for even more price spikes ahead.

But here's a bright spot: Americans are using less oil -- a trend that’s sure to continue. U.S. oil consumption peaked in 2005, at about 21 million barrels per day, and the trend is expected to continue for the rest of the decade. What's going on? Here are eight reasons America will keep reducing its thirst for oil.

By Jim Patterson, Associate Editor, The Kiplinger Letter
March 2011

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