How to Reduce Foreign Oil Imports
Michael Fitzsimmons submits:
The United States uses ~25% of the world’s oil and imports ~65% of it. The economic, environmental, and national security issues arising from this dependence on foreign oil are obvious. The chart below summarizes American wealth transferred overseas to purchase the oil it must have.
|
Year
|
Barrels of Oil Imported
|
Money Sent Overseas
|
|
2008
|
|
$475,000,000,000
|
|
2009
|
4,350,000,000 barrels
|
$265,000,000,000
|
|
2010 (January only)
|
351,000,000 barrels
|
$27,500,000,000
|
Investing, Long Term Investment, stock market | admin March 10, 2010
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