Rush-hour traffic congests the streets of Tianjin on Oct. 10.
(Ed Jones/AFP/Getty Images)
At the same time that China's increased consumption is leading to higher imports, the United States is reducing its dependence on foreign oil imports. The U.S. oil industry has experienced a dramatic technological revolution that has increased the country's oil production by nearly 40 percent over the past three years, sending domestic production to levels not seen since before the first Gulf War. ...
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