The largest oil importer in the world

“The United States is the largest oil importer in the world, bringing in 13.5 million barrels per day (mbd), which accounts for 63.5 percent of total U.S. daily consumption (20.6 mbd).  Oil from the Middle East specifically, the Persian Gulf accounts for 17 percent of U.S. oil imports, and this dependence is growing” http://www.heritage.org/research/reports/2006/04/reducing-us-dependence-on-middle-eastern-oil

We know fossil fuels aren’t infinite in supply. Some fear the oil peak has already passed and that reserves are dwindling. And with many more oil consumers including China, India and other emerging nations, it’s now a battle to grab the existing oil.

Trouble is that it’s harder and more expensive to find, extract, and produce. Oil companies are struggling to meet the increasing demand. The “rogue nations” own a big chunk of what’s left, and these nations see the United States as willing to pay anything, after all, America is the world’s biggest oil consumer.

We have to wean ourselves off foreign oil and I am confident it will happen.