RICHMOND, Virginia, July 6 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 26-21) in June 2026 by Pierre-Daniel G. Sarte and Jack Taylor entitled "How Much Does the US Economy Rely on Fossil Fuels?"

Here are excerpts:

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How much does the U.S. economy rely on fossil fuels? Most discussions on this issue focus on the share of foreign oil use in the U.S. economy, with policy prescriptions being framed in . . .

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