The White House will unveil a report today showing that U.S. dependence on foreign oil imports has dropped by more than two million barrels a day since President Obama took office.
The report shows U.S. imports at 8.4 million barrels a day last year from 11 million barrels a day in 2008. As a percent of all U.S. consumption, foreign imports went from 57 percent down to 45 percent in the same period, the report says.
Originally published on Wed January 18, 2012 2:20 pm
Credit Nati Harnik / AP
Saying it did not have sufficient time to properly vet the proposal, the State Department said it would recommend rejecting a proposal by TransCanada to build a 1,700 mile pipeline, which would carry oil from Canada to refineries in Texas.