In the 1970's 85% of the oil used in the US was produced here and 25% was imported. Today it has been reversed. There are many grades to oil and some of the oil imported is a crude oil from the Middle East . Part of the reasons for imported oil are profits for the oil companies, trade agreements, and GNP.
$100
In the 1970's the US imported 25% of the oil used and produced 75%. Today it is reverse. Now 75-80% is imported and the balance is produced in the US.
which would be the best source for finding out how much foreign oil was imported to the united states for a certain year
About one billion dollars every day on imported oil!
Oil!
Wool
Its imported analy
About 9,783,000 barrels of crude oil are imported into the United States every day.
In 1996, the US imported about 2,747,839,000 barrels of crude oil.
42 gallon (US)
One of the 'pillars' of the Pickens Plan is to completely eliminate our need for foreign imported oil, and to make-up for that lack of imported oil with alternative energy methods such as solar and wind power. According to the Pickens Plan website, the US imports 12 million barrels per day, so in essence, the plan wants to reduce US Oil Consumption by at least that much.