U.S. could be energy independent within four years

April 15, 2015 4:37 PM

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U.S. could be energy independent within four years

The United States could be energy independent in as little as four years, according to a new forecast from the U.S. Energy Department.

The price of oil is fairly low -- about $55 a barrel. But if it spikes above $100 that could spur more U.S. oil production and cut demand for imported oil, according to the Energy Information Administration. In that case, "the United States becomes a net exporter of energy in 2019," the EIA said Tue...

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