For the first month in nearly two decades, the US in October extracted more oil from the ground than it imported from abroad, marking an important milestone for a nation seeking to wean itself off foreign oil.
The shift could foreshadow future opportunities to increase jobs in the US, lower the trade deficit and insulate the economy from foreign crises that can send oil prices rising. But it also speaks to deeper, underlying changes in the way Americans use oil, as price-conscious consumers seek to limit what they pay.
Not since 1995 has the US produced more crude oil than it imported. For several years now, domestic production has been on the rise, while net imports have been declining. But data released by the Energy Information Administration, the statistical wing of the Energy Department, show the trend lines have finally crossed, with crude oil production topping 7.7 million barrels per day.
Obama administration officials said President Barack Obama's efforts to boost fuel efficiency for cars have been a driving factor, helping to reduce US demand for gas and, in turn, lessening the need to import foreign oil.
Officials said requiring auto companies to make cars that run on less gas has gone a long way toward realising Obama's goal of curbing global warming. They also credited the president with promoting drilling on federal lands and offshore as part of his strategy to encourage more U.S. energy production.
