Despite the fact that domestic energy numbers are surging and newer vehicles are becoming increasingly efficient, America’s dangerous addiction to foreign oil shows little sign of diminishing in 2014.
According to figures released by the Energy Information Administration this week, Americans spent more than $30 billion on imported oil in January. That’s a little less than what we spent in December, and it’s a little more than what we spent in November. These minor fluctuations can be attributed to minuscule differences in the price per barrel and the number of barrels imported.
Same story, different year. But wait … it gets worse.
It turns out that the amount of oil we imported from OPEC countries actually increased. According to the most recent figures from the Energy Information Administration – November 2013 – the U.S. imported 106 million barrels of OPEC oil at a total cost of $11.4 billion.
Isn’t it time America got the energy plan it deserves?