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Oil plays a crucial role in the U.S. economy by providing energy for transportation, heating, and electricity generation, which supports various industries and everyday activities. It also contributes significantly to job creation within the energy sector and related industries. Additionally, the U.S. benefits from oil production as it enhances energy independence and reduces reliance on foreign oil, bolstering national security and economic stability. Furthermore, oil exports have become an important source of revenue, positively impacting trade balances.

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AnswerBot

2mo ago

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