Oil Imports Up: Highest in 18 Months

T. Boone Pickens has released his monthly report on oil imports and the news isn’t good. According to the U.S. Department of Energy the U.S. imported 388 million barrels of oil in July. According to the Pickens Plan release:

“The U.S. imported 65 percent of its oil, or 388 million barrels in July 2010, sending approximately $29.6 billion, or $663,231 per minute, to foreign countries. This is highest number of barrels imported in one month since January 2009.”

That means the July imports are the highest full-month totals since President Obama took office on January 20, 2009.

Pickens said that oil imports continue to make up more than half the United States’ trade deficit.

“The only way we are ever going to see these figures come down is to enact a comprehensive energy plan. It is imperative for Congress, when it reconvenes in September, to put energy at the top of the agenda.

Natural gas is the obvious answer to end our addiction, providing an immediate solution to replace foreign oil used for transportation. Using natural gas in heavy duty fleet vehicles is an idea both sides of the aisle agree on and it’s time for our elected officials to act,” Pickens said.

– The Pickens Team

Comments34 Responses to “Oil Imports Up: Highest in 18 Months”

trflynn


RT @pickensplan: Oil Imports Up: Highest in 18 Months http://www.pickensplan.com/news/2010/08/...

rachidH


RT @pickensplan: Oil Imports Up: Highest in 18 Months http://www.pickensplan.com/news/2010/08/...

Mjkgirl


@pickensplan We are standing still.?:(

Mjkgirl


RT @pickensplan: Oil Imports Up: Highest in 18 Months http://www.pickensplan.com/news/2010/08/...

LarryDeanLatham


RT @pickensplan: T. Boone Pickens has released his monthly report on oil imports and the news isn’t good. http://www.pickensplan.com/news/2010/08/...

jjchambless1954


@pickensplan Do the American (and foreign) oil companies get a tax break to take America's oil out of the ground? How much?

earlworthington


RT @pickensplan: T. Boone Pickens has released his monthly report on oil imports and the news isn’t good. http://www.pickensplan.com/news/2010/08/...

heydayma


@pickensplan 'Summer Fun Always Includes the Oil Addiction'

cymoo1


RT @pickensplan: T. Boone Pickens has released his monthly report on oil imports and the news isn’t good. http://www.pickensplan.com/news/2010/08/...

pegbert2


@pickensplan @nprscottsimon That is just too good, Scott, even from you, and I'm a dedicated listener. Sure miss Daniel Shorr on Saturdays.

pegbert2


@pickensplan Shame on us. Used 388M barrels of oil in July & put $29.6B or $663,231 per minute in foreign pockets. R U listening America?

shaday1973


@pickensplan sir, i am following you...i like your 12th July Forbes magazine interview n your bullish attitude towards NG....

PortraitsPlus


@pickensplan Please tell me you are not suggesting more big government and Cap and Trade.

oParasiteSingle


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

AddisonGardner


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

ShaleNews


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

EU_Daniel


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

johnnie50


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

pickensplan


@shaday1973 Thank you!

NGVsNow


RT @pickensplan: T. Boone Pickens has released his monthly report on oil imports and the news isn’t good. http://www.pickensplan.com/news/2010/08/...

ExpertResumeMan


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

EMatricardi


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

EMatricardi


RT @pickensplan: T. Boone Pickens has released his monthly report on oil imports and the news isn’t good. http://www.pickensplan.com/news/2010/08/...

ambiguousarts


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

matthewlee_1


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

Bennet_s


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

natrlgasguzzler


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

FocusedProverbs


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

janoconnell


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

cbjornnes


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

Robert_Coats


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

NGVsNow


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

Garden27


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

johnnie50


RT @pickensplan: "The only way we are ever going to see oil imports come down is to enact a comprehensive energy plan." T. Boone Pickens ...

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