The high cost of imports, especially of petroleum imports, is a major problem.
Jamaica depends on petroleum imports to satisfy its national energy needs.
The deficit dropped from the $60.6 billion in February despite a $600 million increase in petroleum imports.
Hemispheric zero net petroleum imports are in line with this important piece of legislation.
Replacing petroleum imports with alternative sources of energy like wind, solar, and clean coal would do more to improve our national security than anything else.
In 1899, the German government taxed petroleum imports and subsidized domestic ethanol.
In February 1986, the gulf countries provided 13.5 percent of the nation's total petroleum imports of 4.9 million barrels a day.
Here again, the importance of petroleum imports is apparent.
In 2002, petroleum imports and consumption both totalled 8,870 barrels per day.
Reflecting both higher prices as well increased demand, petroleum imports jumped 17 percent, to $4.75 billion in May.