'Unfriendly' oil import figure is wildly inflated

It's an attention-grabbing claim: Americans each year are sending $700 billion to unfriendly countries for oil, as much as the entire cost of the Wall Street bailout plan. In rare agreement, both presidential candidates use the number. But is it real?

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While U.S. President Barack Obama was shepherding his economic stimulus bill through Congress, Chinese President Hu Jintao was making his fourth trip to Africa.

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In this Democratic give away, these Senators reneged on the pledge they signed. Instead of "Drill Here, Drill Now " it is "Tax Here, Tax Now" Taxing domestic oil production will only increase the amount of foreign imported oil and the loss of American jobs.

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HOUSTON — Three companies plan to build an oil terminal and pipeline network off the Texas Gulf Coast capable of handling nearly 20 percent of the nation's daily imported oil.

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