Energy Literacy Advocates Newsroom
Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Friday, April 4, 2008
Transportation Sector Continues to Plague U.S. Trade Deficit
The United States' trade deficit, which totaled $815 billion in 2007, continues at nearly double the levels of 2001. According to the U.S. Department of Energy, petroleum currently accounts for 36% of the share in the deficit, or $293 billion, while automotive vehicles and related parts account for 16.9%.
The trade deficit is calculated by measuring the annual amount spent by U.S. individuals, companies, and government agencies on foreign-made products, minus the amount spent by foreign entities on U.S.-made products. The heavy and costly reliance of the U.S. on imported oil is easily seen in these deficit calculations.
For further information, click here.
The trade deficit is calculated by measuring the annual amount spent by U.S. individuals, companies, and government agencies on foreign-made products, minus the amount spent by foreign entities on U.S.-made products. The heavy and costly reliance of the U.S. on imported oil is easily seen in these deficit calculations.
For further information, click here.
Labels: economy, energy policy, u.s. energy policy
posted by Amanda Voss at 12:57 PM
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