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Macmillan Childrens Publishing Group

Blood and Oil

The Dangers and Consequences of America's Growing Dependency on Imported Petroleum

American Empire Project

Michael T. Klare

Metropolitan Books


From Blood and Oil:
o In 1998, for the first time, more than half of the
United States' oil supply came from foreign
sources. Imports of foreign petroleum are
projected to rise to 60% in 2010, 65% in 2020,
and 70% by 2030.
o America's oil fields are experiencing irreversible
decline. Even if reserves in Alaska's wildlife
refuge are extracted, they will reduce U.S.
imports of foreign oil by only about 2% per year
for the next two decades-an almost negligible
o To pay for all of this imported oil, American
businesses and consumers will have to cough up
an estimated $3.5 trillion between 2000 and 2025-
if oil remains within a moderate price range.
o Even more importantly, since most of the world's
remaining oil resources are located in deeply
unstable regions-over 65% in the Persian Gulf
alone-military involvement to ensure access is