..... oil is vital to....
economy of America.
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- In terms of inflation, oil prices directly affect the prices of goods made with petroleum products. Oil price increases can also stifle the growth of the economy through their effect on the supply and demand for goods other than oil.
- Energy independence is highly concerned with oil, the source of the country's principal transport fuels. In total energy consumption, the US was between 86% and 91% self-sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products.
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