The less we import, the more control we have over what happens at the pump.
When we import more, most of the balancing will take place from more exports over time.
That is what we do with queries and it is also what we do when we import data.
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Perhaps this is because we import much of our food and ship it around the country based upon supply or demand.
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And today we import less oil than we have in 20 years.
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We have known for decades that our survival depends on finding new sources of energy, yet we import more oil today than ever before.
We import things we want that we can get more affordably than when producing them at home, and export things in order to pay for those imports.
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"No one ever makes any money from their cheese board, as they are incredibly expensive to maintain we import fresh cheese two or three times a week, " Mr. Clark says.
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As we import more and more, foreign entities accumulate dollars, which may temporarily be invested in U.S. financial assets, but ultimately will lead to more purchases of U.S. exports.
If we import more than we export, as we are wont to do, dollar balances will build up abroad and be available for more exports from the United States.
If our exports are sold to businesses but what we import is sold to consumers then worsening terms of trade will cause consumer prices to rise faster than labor costs.
"When you look at the ongoing insecurity of the areas where we import our fossil fuel from, we feel a greater emphasis should be put on energy security, " he said.
The allegation itself is entirely nonsense of course: the rise in UK food prices is largely because the currency has fallen in value and we import 40% of our food.
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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.
We import 6 percent of our consumption from Venezuela.
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But we import 9 million bpd now.
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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.
One of the first lessons learned was that before we could import our trademark brand of quality guest service, we would have to embrace the cultural identity of each location, and seek a comfort level for our employees.
"The sad fact is that, as things stand today, we could import foot-and-mouth again tomorrow, " he added.
And, while call centers, internet sales, IT services, and remote education may be exportable, we currently import a considerable amount of these services.
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We continue to import more goods and services than we export, and that gap increased in the 1st quarter.
On the one hand, since we consume far more oil than is available here at home, we are obliged to import most of what we need from abroad.
What if we repealed the import duties, inviting ethanol in from sugarcane-growing nations near the equator?
Well, a decade and more back, we used to import into Russia these very radiation hardened chips.
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Are we going to build wind turbines here, or are we going to import them from overseas?
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