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December 21, 2011 4:23 PM

Does shale oil boom mean U.S. energy independence near?

It may surprise Americans who've lived through many years of dependence on foreign fuels, but in less than a decade the United States could pass its 1970s peak as an oil and natural gas producer. If that happens — and many analysts think it's possible — the United States would edge past Saudi Arabia and Russia to become the world's top energy producer.

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