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May 11, 2004

The real cost of imported oil

As the 30th anniversary of the 1973 Arab oil embargo approaches, the United States finds itself even more vulnerable than it was three decades ago. In 1972, the year before the embargo, U.S. oil imports were 27.6 percent of consumption. Last month, they stood at 56.8 percent, more than twice the 1972 level.

Read - The Real Cost... [Wash Times]


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“The average estimate for economically recoverable oil in ANWR is 10.3 billion barrels. That is double the amount of all the oil in Texas , and almost half the total U.S. proven reserves. When we send our hard-earned money overseas to import oil, we send American jobs and American national security right along with it.”
--Rep. Richard Pombo (R-CA)



Ten reasons to support responsible oil development in ANWR

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