U.S. Dependency on Foreign Oil: A Predictive Study on Possible
The United States and Oil How has America’s growing oil dependency affected US foreign policy...
-
Upload
hilary-reeves -
Category
Documents
-
view
217 -
download
2
Transcript of The United States and Oil How has America’s growing oil dependency affected US foreign policy...
![Page 1: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/1.jpg)
The United States and Oil
How has America’s growing oil dependency affected US foreign policy toward the Middle East?
![Page 2: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/2.jpg)
History of oil discovery• Oil discovered in US in 1800s• Oil exporting peak of US in 1930s• After WWII US changed
from oil exporting to oil importing country
• Middle East started production of oil right after WWII
![Page 3: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/3.jpg)
Where is oil in the Middle East?
![Page 4: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/4.jpg)
![Page 5: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/5.jpg)
![Page 6: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/6.jpg)
OPEC
• Founded in 1960 to protect and determine the price of oil
• Organization of Petroleum Exporting Countries
• Founded by Iran, Iraq, Saudi Arabia, Kuwait, Venezuela
![Page 7: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/7.jpg)
![Page 8: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/8.jpg)
![Page 9: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/9.jpg)
What has recently happened to oil prices?
• 1970 oil rose $6 to $12 per barrel (doubles in Ford’s 4 years as president). (a barrel = 42 gallons)
• April 19, 2007: $72/barrel • May 20, 2008: $129/barrel; national average per
gallon = $3.80 (when Bush took office…– Gas was $1.47)– May 8, 2011 national avg. $4/gallon
• World Gas prices as of May 19, 2008:– U.K.: $8.28– Russia: $3.06– Netherlands: $9.52– Saudi Arabia: $0.45
![Page 10: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/10.jpg)
• April 2012 average = $3.95 for regular
• (up 6% from last year)
![Page 11: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/11.jpg)
![Page 12: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/12.jpg)
Historically how has oil affected American foreign policy?
• 1953- CIA coup in Iran
• 1973- oil embargo after Yom Kippur War
• 1991- Persian Gulf War
• Current- friendship with Saudis
![Page 13: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/13.jpg)
![Page 14: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/14.jpg)
![Page 15: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/15.jpg)
![Page 16: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/16.jpg)
![Page 17: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/17.jpg)
![Page 18: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/18.jpg)
![Page 19: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/19.jpg)
![Page 20: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/20.jpg)
2011 Chart (whitehouse.gov)
• US has less than 2% of the world’s oil reserves
• In 2011 the US relied less on oil than any of the past 16 yrs.
![Page 21: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/21.jpg)
![Page 22: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/22.jpg)
![Page 23: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/23.jpg)
![Page 24: The United States and Oil How has America’s growing oil dependency affected US foreign policy toward the Middle East?](https://reader030.fdocuments.net/reader030/viewer/2022032607/56649ec95503460f94bd67d8/html5/thumbnails/24.jpg)
2006
• Oil producers
• consumers
• Oil suppliers to the US
• http://www.nytimes.com/interactive/2007/11/06/business/20071107_WINNERSLOSERS_GRAPHIC.html?ref=oilpetroleumandgasoline#