White House Takes Victory Lap On Oil Boom

The White House is high-fiving America and itself for the U.S. oil boom. In a new blog post , White House Council of Economic Advisers Chair Jason Furman and National Economic Council Director Gene Sperling celebrate Thursday's upward GDP revision coming in large part thanks to the petroleum imports falling to a record low in June. They write: This is yet another reminder that the President’s focus on increasing America’s energy independence is not just a critical national security strategy...