There is lots of talk this week about the decline in crude
Sebastien Galy of SocGen has dome deep thoughts on the matter, as he anticipates a world that sees a stronger US dollar, and a smaller global military footprint.
A lot's being made of the fact that crude oil imports fell to their lowest level since 1999.
But actually, if you look on a per capita basis, the fall is more severe, and we're edging towards mid-90s level of imports.
EIA, FRED, Business Insider
This is essentially a story of higher domestic production, and a decline in driving. What's key is that this isn't just a story about the economy right now, but a big secular trend that continues, even as the US economy strengthens.