After decades of high oil prices, dependence on imports and the looming
threat of energy shortages, the United States is entering an era in which
increased domestic production of oil and natural gas is helping to stabilize
prices. The U.S. energy picture is looking better now than it has in
decades. But it would be a mistake to think the U.S. economy is no longer
vulnerable to wild fluctuations in the world oil price caused by instability
in the Arab World.

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LIGNET.com.