The enormously devastating oil spill in the Gulf of Mexico is just one reminder that stretching out an addiction to a polluting and planet-warming fossil fuel poses risks to our health, our environment, and our economy. U.S. oil production peaked in 1970 at 9.6 million barrels per day. Since then production has dropped by almost half and now supplies less than 30 percent of domestic consumption. In 2009, the United States spent nearly $200 billion on oil imports to make up the difference.
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