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A new report commissioned by the American Petroleum Institute stated that the United States, in partnership with Canada, has the energy resources to make the country completely independent of outside sources for liquid fuel supplies by 2024.

Calling the state of the U.S. oil and natural gas sector a “renaissance,” the report overview stated, “America also finds itself on the cusp of energy self-sufficiency and security through reliable, affordable, and abundant supplies of domestic oil and natural gas that can sustain and empower us well into the foreseeable future.