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domestic oil production

US Energy Boom Seen Alleviating Age-Old Trade Imbalance

The revolution sweeping U.S. energy production is helping to chip away at a conundrum that has preoccupied economists for decades – the country’s yawning trade imbalance. Lost amid the hullabaloo of March’s glum U.S. employment report was news that the U.S. trade deficit contracted to $42.96 billion in February. Two …