The BUSINESS CASE for REDUCED OIL DEPENDENCE

According to the DOE, oil consumption by the US, China and other nations in Asia is likely to comprise 60% of the increase in demand. To meet projected world demand of nearly 121 million barrels a day in 2025, global oil output would have to expand by an eye-popping 44 million barrels per day or 57% between 2002 and 2025. As reported by the Institute for the Analysis of Global Security (IAGS), China is moving quickly to secure exclusive access to future oil supplies by financing strategically located pipelines, expanding its oil companies, and contracting with oil producing regions across the globe. This is a growing problem, since the US now imports more than half of its oil supply. Responding to these threats, IAGS and the Natural Resources Defense Council forged a new alliance called "Set America Free" to advocate for a national commitment to oil savings.