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Published byMarilynn Brooks Modified over 9 years ago
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By Alex Yingling
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America’s Oil Bill For every 10 cent increase, Americans add 14 billion to their annual oil bill
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Filling Your Tank People compound the problem by continually topping off gas tanks when not necessary
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Oil Platforms 717 manned oil platforms in the Gulf of Mexico. As recently as Hurricane Ike, 591 platforms were evacuated
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Global Demand Global demand is reaching oil production capacity. Very little disposable supply for the United States to take.
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Evacuations Large scale evacuations cause spike in oil consumption
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Shutdown of Refineries Closing and evacuation of oil refineries
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Foreign Dependency United States needs to develop an ability to maintain an excess capacity of oil, that can keep prices down
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Vulnerable Markets Dependence on foreign oil has made market very vulnerable to disruptions
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Slow Construction of Refineries Stagnant building of oil refineries has caused refining capacity to also become a problem
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Hurricane Damage During 2005 hurricane season, underwater pipelines were affected causing production to drop between 300 and 400 thousand barrels
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