[Congressional Record Volume 142, Number 35 (Thursday, March 14, 1996)]
[Senate]
[Page S2098]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




    U.S. CONSUMPTION OF FOREIGN OIL? HERE'S TODAY'S WEEKLY BOX SCORE

  Mr. HELMS. Mr. President, the American Petroleum Institute reports 
that, for the week ending March 8, the United States imported 7,315,000 
barrels of oil daily, 506,000 barrels less than the 7,821,000 barrels 
imported during the same period 1 year ago, but 986,000 barrels more 
than the 6,329,000 barrels imported the previous week, March 1, 1996.
  Americans now rely on foreign oil for more than 50 percent of their 
needs, and there are no signs that this upward trend will abate.
  Anybody else interested in restoring domestic production of oil--by 
U.S. producers using American workers? Politicians better ponder the 
economic calamity that will occur in America if and when foreign 
producers shut off our supply, or double the already enormous cost of 
imported oil flowing into the United States--now 7,315,000 barrels a 
day.

                          ____________________