In 2010, China was Iran's largest oil import market, according to the U.S. Energy Information Administration, with Japan No. 2.
For example, the U.S. Strategic Petroleum Reserve has the ability to supply total U.S. oil import needs for approximately 80 days.
And if we do all this, we can cut our oil import in half by 2020 and support 600, 000 new jobs in natural gas alone. (Applause.) That's the path forward.
The Goldman analysts argue the latter because oil exporters import more from Europe than America and hold less of their oil revenues in dollars.
Iran, the second-biggest supplier of crude to India after Saudi Arabia, accounts for about 14% of the country's oil-import bill.
Due for completion in 2013, it will take gas from Myanmar's offshore Shwe field and will have the capacity to satisfy 10% of China's oil-import needs.
Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in the United States.
Additionally, these programs will dramatically cut the oil we consume, saving a total of 12 billion barrels of oil, and by 2025, reduce oil consumption by 2.2 million barrels a day -- as much as half of the oil we import from OPEC every day.
We are ready to import oil from Saudi Arabia but not sugar from Brazil.
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For decades, Iran had used its oil wealth to import goods, instead of manufacturing them domestically.
We are running a trade deficit of over half a trillion dollars per year to import oil.
Irrespective of domestic reserves, its oil and gas import dependency rise towards 80% in the next decade.
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Problem is, Petrobras production cannot keep up and it needs to import oil to avoid a shortage.
Think of the national security implications of the United States becoming free of the need to import oil from countries like Iraq, Saudi Arabia, Kuwait and Venezuela.
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Obama : I think that in ten years, we can reduce our dependence so that we no longer have to import oil from the Middle East or Venezuela.
The geographical proximity between the U.S. and Canada, as well as the growing political uncertainty in the Middle East and South America, makes Canada one of the more desirable places from which the U.S. can import oil.
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The raising of the value of the Yuan can make it less expensive for China to import oil and other commodities but can also increase the price of oil to the U.S. consumers as the value of the dollar continues to decline.
There currently appears to be sufficient supply of non-Iranian oil to permit foreign countries to significantly reduce their import of Iranian oil, taking into account current estimates of demand, increased production by countries other than Iran, inventories of crude oil and petroleum products, and available strategic petroleum reserves.
The report further indicates that by 2035, the US will reach energy self-sufficiency and go from being an importer of oil we currently import 20 percent of our total energy needs from other nations to a net oil exporter.
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There is talk about building a pipeline into the United States to import that oil.
And today we import less oil than we have in 20 years.
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Kenya has cancelled plans to import crude oil from Iran following threats of sanctions, an official at the Kenyan energy ministry has said.
We have known for decades that our survival depends on finding new sources of energy, yet we import more oil today than ever before.
California can either continue to import that oil from other nations, or it could aid in its recovery by producing much of it, he adds.
The company is also talking to the export-credit agencies of countries that supply it with equipment (such as the United States) or that might import its oil (such as China).
It said that in just seven years the U.S. will be the largest crude oil producer in the world and shortly thereafter will not need to import any foreign crude oil.
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So instead of spending a billion dollars a day to import foreign oil, this is a goal where we believe we can be investing in money and creating wealth in the United States.
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