Half of the oil used in the United States is imported.
One-fourth of oil usage comes from OPEC countries, one-seventh fromArab OPEC countries, and one-eighth from Persian Gulf countries.
15% of our net oil imports come from Saudi Arabia.
Of that, two-thirds rely on a single processing plant and two terminals. Each isvulnerable to sabotage or attack that would have long-lasting consequences.
OPEC’s cartel power to keep oil prices above competitive levels is estimated tohave cost the U.S. economy somewhere between $4 trillion and $14 trillion over the past 30 years.
That’s roughly a year’s GDP.
Net oil imports
cost the U.S. $109 billion in 2000.In the 25 years from 1975 to 2000, the total was
two trillion dollars
The United States
has 4.6% of the world’s population and produces21% of Gross World Product. But it
uses 26% of the world’s oil,produces 9%, and
owns only 2–3%
.We can’t drill our way out of this one.
Americans pay as much for transportation fuels as fornational defense.
U.S. light vehicles (cars and light trucks) use 70% ofoil imports,
or 2.9 times Persian Gulf imports, or nearly as much as SaudiArabia produces.
Model Year 2002 cars and light trucks hit a
22-year efficiency low
.Yet if they’d stayed the same in weight and peppiness as in 1981, they’d be 33%more efficient by now,
displacing Persian Gulf oil 2.5 times over
If the hydrogen now used to make gasoline and other fuels in U.S. refineriesinstead fueled superefficient fuel-cell SUVs directly, they’d save a quarter ofU.S. gasoline—
twice as much as Persian Gulf oil supplies