Oil Imports Remain High in June

T. Boone Pickens has announced that the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA) show that the U.S. imported 62 percent of its oil, or 362 million barrels in June 2010, sending approximately $27.3 billion, or $631,255 per minute, to foreign countries.

In addition to our two largest oil trading partners (Canada and Mexico), Saudi Arabia, Nigeria, Venezuela, and Angola round out the top six.

The U.S. has consistently been importing about five million barrels of oil per day from OPEC countries. Removing our dependence on OPEC oil is the principal goal of the Pickens Plan.

— The Pickens Team