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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

MORE ABOUT THIS BOOK

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
change.
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
inevitable.