It was in the 1970's that an Arab oil embargo led to skyrocketing fuel prices and long lines at the pump across the United States. And since Richard Nixon, one US president after another, has invoked images like these as they vowed to reduce American dependence on foreign oil. Some promised complete independence during their tenure - they all failed. But in a recent report, the International Energy Agency (IEA), said that the US could finally achieve energy independence in the next few decades. It also said that it would overtake the world's largest oil producer, Saudi Arabia, by around the year 2020.
What price are Americans willing to pay for energy independence?
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