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Greene 20 (0:57)
Topic(s): Foreign Oil / Government
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Video Transcript
What's made us more dependent is our oil production peaked in
1970 and has been declining ever since. So in 1970, US oil
production reached a peak level. It's never regained that
level; it's gradually decreased, sometimes temporarily
increased, but gradually decreased continuously. So our own
ability to supply oil has been going down. At the same time,
our demand for petroleum has been going up because of the
growth in transportation, the growth in motor vehicle use, the
growth in aircraft, air travel and so on. So as our increasing
demand for mobility demands more and more oil, our ability to
produce oil in the United States has been going down. So that
creates a growing gap, and that increases our oil dependence.
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April 2008
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