White House Oil Chart Demonstrates How To Play Politics With Statistics

Chart highlights the fact that the U.S. dependence on foreign oil is declining but leaves out a key cause — the slow economy.

whitehouse.gov

Sander Cohan, a global transportation fuels analyst and principal with Energy Security Analysis Inc., explained part of the decline to Bloomberg yesterday:

“The reason we can export so much is demand in the U.S. is weak,” he said.