Security, Economics, and Environmentalism in Oil Policy America’s Oil Dependence Unstable Resources Major Changes

Question: Which is winning? Economic, National Security, or Environmental Interests?

Presentation: Security Interests: Conservation Conclusion Economic and Embargo Vulnerability Why OPEC? Funding the Enemy Conservation Environmentalists vs. Industry Solutions Costs Conclusion

Security Interests

Economic and Embargo Vulnerability OPEC= Organization of Petroleum Exporting Countries 1973 Oil Embargo and the Yom Kippur War Hubbert’s Peak American Oil Use

Economic and Embargo Vulnerability US consumes 20 million barrels a day US imports nearly 60% of oil 1/2 from OPEC countries

Why OPEC? Canadian oil is derrived from sand-oils. Canada has the second largest proven reserves and can only produce 1 million barrels/day. Saudi Arabia has centralized, easily accessed crude oil. Saudi Arabia has the largest and produces 29 million barrels/day

Proven Oil Reserves

Solutions?

Funding the Enemy Oil exports support OPEC economies. Media propaganda against the United States. Terrorists. Nuclear Power in Iran

Conservation

Environment vs. Industry Economists see the environment as a subset of the economy. Ecologists see the economy as a subset of the environment

Solutions Conserve Use Domestic Sources of Fuel Use Efficient Equipment Use Alternative Sources of Energy

Conclusion

Conclusion The United States is looking forward to a successful future. With energy conservation in the forefront of American thought the complexity of the relationship between the Arabs and Americans will be reduced and progress can be made toward resolution.