The Global Oil Rush

McFarlane, Robert C.
June 2006
National Interest;Summer2006, Issue 84, p34
This article emphasizes that energy is essential to almost every feature that defines Americans quality of life, and this is why ensuring access to energy at an affordable price is a vital U.S. national interest. Energy security is not just about stemming rising prices at the gas pump, but covers literally all aspects of our economic life, from the fuel that powers our farms, transports crops and puts food on the table, to the petrochemicals needed to craft everything from fertilizers to the latest fashions. Although the U.S. possesses four percent of the world's oil reserves, 60 percent of U.S. oil is imported, 28 percent comes from OPEC countries and 13 percent from the Persian Gulf.


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