How much did the US spend on Imported Oil in 2014?

My previous blog posts about the US spending on imported oil are finally making a difference. At least a lot of people seem to be asking how much the US spends on importing oil.  Earlier this year, one of the leading United States Presidential Candidates stated that the US spent about $300 billion on importing […]

How much did the US spend importing oil in 2013?

More recent update: How much did the US spend on imported Oil in 2014? A couple years ago, I tried to find out how much money the US economy spent on importing oil, but could not find that fact listed anywhere. All of the information I needed to calculate it was out there, so I […]

Billionaires Opposing the Keystone XL Pipeline

Have you been following the Keystone XL pipeline saga?  We have.  We haven’t written about it before, but we are strongly against it!  There are so many reasons to be opposed to this project, but the bottom line is that it will allow so much carbon to be released into the atmosphere that climate scientists […]

How much did the US spend on imported oil in 2012?

More recent update: How much did the US spend on imported Oil in 2014? My calculation of what the US spent on importing oil in 2011 has become one of our most popular posts of all times. I have impatiently waited the release of the number of barrels imported for Dec 2012 to finish up […]

Oil for Nothing and Gas for Free

Did you know that oil and gas industry have extracted over 800 million barrels of oil (that’s over 25.2 trillion gallons) and trillions of cubic feet of natural gas from the US without paying any royalties, normally worth about $11 billion? This week, Representative Ed Markey, the ranking member of the Natural Resources Committee in […]

How much did the US spend on imported oil in 2011?

More recent updates: How much oil did the US import in 2013? How much did the US spend on imported oil in 2012? I have often wanted to know how much we spend on foreign oil each year, but have found it harder than I would expect to look up.  So as a good engineer […]