The president said, "Breakthroughs on this and other new technologies will help us reach another great goal, to replace more than 75 percent of our oil imports from the Middle East by 2025. By applying the talent and technology of America, this country can dramatically improve our environment, move beyond a petroleum-based economy and make our dependence on Middle Eastern oil a thing of the past."
How much of the U.S. oil supply actually comes from the Middle East?
Currently, the U.S. imports about 60 percent of the oil that it uses annually, according to the American Petroleum Institute. The Middle East region accounts for a little more than 24 percent of total U.S. oil imports.
But the biggest contributor to U.S. oil imports is Canada, with nearly 16 percent of total imports in the first nine months of 2005. Canada is followed by Saudi Arabia, which accounted for 12.6 percent of total imports. The top five was rounded out by Venezuela (12.4 percent), Mexico (11 percent) and Nigeria (9.2 percent). Iraq was sixth on the list, at 4.3 percent.
Ten years ago, those numbers looked slightly different. In 1995, only 49 percent of U.S. oil was imported, with 20 percent of imports coming from the Middle East. Saudi Arabia was the No. 1 source of oil imports.