2015-01-13davidstockmanscontracorner.com

``This prospect marks a sharp change from the oil price plunge at the time of the 2008 financial crisis. Back then, net imports totaled 11 million bbls/day and accounted for nearly 60% of domestic consumption. Accordingly, if the oil price collapse last time was mainly "off-shored", this time it will be predominately "on-shored''



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