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Since the 1973 Arab oil embargo, the United States has felt “energy poor,” heavily dependent on energy imports. The past few years have seen a revolution. Increased energy efficiency in every sector of the economy, rapid growth in renewable energy sources and, most importantly, the development of vast unconventional natural gas resources, so-called “shale gas,” have made America “energy rich” even though it continues to lead the world in per capita energy consumption.

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