A Dangerous Dependence on Foreign Oil
May 21, 2008
Contact: John Neurohr
Phone: 202.481.8182
Email: jneurohr /@\ americanprogress.org
U.S. oil consumption remains high even as the price of oil skyrockets, and the United States is forced to funnel money directly into unstable and hostile regimes to fund its habit. “We are addicted to oil, and the oil is coming from the most dangerous places in the world,” former Secretary of State Madeleine Albright told attendees at a CAP event almost two years ago. And now, with oil and gas prices reaching record highs, the threat from our dependence on foreign oil to feed our carbon economy is more real than ever.
The United States imports approximately 62 percent of its oil. Canada supplies approximately 20 percent of these imports, and Mexico contributes 10 percent. But over 30 percent come from regimes that are less friendly or stable, including Saudi Arabia, Venezuela, Nigeria, Angola, Iraq, and Algeria (respectively the 2nd, 4th, 5th, 6th, 7th, and 8th largest oil importers to the United States).
The good news is that we can transition to a low-carbon economy with tools that are already available to us. The Center for American Progress released a report, "Capturing the Energy Opportunity," which outlines five key steps that we can take right now to radically transform our security, economy, and environment:
Click here to view the interactive map: http://www.americanprogress.org/issues/2008/05/oil_imports.html