Volume 10, Number 4
U.S. Dependence on Foreign Oil Reaches New High
U.S. dependence on foreign oil
during 2000 reached an all-time high at 57.0% total imports (up from 56.6% in 1998 and 55.6% in 1999), according to the February 2001 edition of Monthly Energy Review, published by the Energy Information Administration of the U.S. Department of Energy (. Net petroleum imports (accounting for our modest petroleum exports) tied a record set in 1998 of 51.6%.