DC Obama: US Using Less Foreign Oil By Michael McIntee | March 3, 2012 President Obama renews his call to end the $4 billion in tax breaks that oil companies receive each year while collecting record profits. The President asks everyone to tell their elected officials to stop this corporate welfare and fight for a clean energy future that is within our reach. In his weekly address President Obama says: “Take a look at this chart. Six years ago, 60% of the oil we used was imported. Since I took office, America’s dependence on foreign oil has decreased every single year.