IAFF 3188.10 Session 4 & 5 - Oil

IAFF 3188.10 Session 4 & 5 - Oil - IAFF 3188.10 United...

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Unformatted text preview: IAFF 3188.10 United States Foreign Policy in the Persian Gulf OIL Ambassador Edward Gnehm Spring 2012 Introduction 1 “I'm directing my Administration to open more than 75 percent of our potential offshore oil and gas resources. Right now, American oil production is the highest that it's been in eight years. That's right - eight years. Not only that - last year, we relied less on foreign oil than in any of the past sixteen years.” --State of the Union Address, President Barack Obama, January 24, 2012 “America's dependence on oil is one of the most serious threats that our nation has faced…It will be the policy of my administration to reverse our dependence on foreign oil…That's how we will deny leverage to dictators and dollars to terrorists.” --Remarks by President Barack Obama, January 26, 2009 1: Introduction Energy Independence: Fact or Fiction? “[There is] $29 billion plus of natural gas offshore. In Louisiana, jobs for that kind of production are $80,000 a year. That would help us become energy independent from the Middle East.” --Newt Gingrich, South Carolina Primary Debate, January 19, 2012 KEY POINTS • Global oil market – interdependence not independence • Supply and Demand • Continued global dependence on oil...
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This note was uploaded on 01/30/2012 for the course PERS 2001 taught by Professor Naderbolouri during the Fall '11 term at GWU.

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IAFF 3188.10 Session 4 & 5 - Oil - IAFF 3188.10 United...

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