Oil has facilitated the modern industrial economy and

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Unformatted text preview: 2035, oil shipments from the Middle East to North America "could almost be nonexistent," the Organization of Petroleum Exporting Countries recently predicted, partly because more efficient car engines and a growing supply of renewable fuel will help curb demand. The change achieves a long-sought goal of U.S. policy-making: to draw more oil from nearby, stable sources and less from a volatile region half a world away. "Whereas at one point there were real and serious concerns about the ability to maintain sustainable access of supplies to the United States if there were disruptions in the Middle East, that has changed," Carlos Pascual, the top energy official at the State Department, said in an interview. U.S. officials stress that the Middle East will remain important to American foreign policy partly because of the region's continuing influence on global oil prices. "We need to continue to pay attention to how global markets function, because we have a fundamental interest that those markets are stable," Mr. Pascual said. 253 Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 Dependence Now – Transportation 254 Oil DDW 2012 1 Transportation growth now deepens oil dependence – Bolsters terrorism and authortarians Bromley, Senior Lecturer in International Political Economy at the Open University, UK, et al., 06 Simon Bromley, Senior Lecturer in International Political Economy at the Open University, UK, et al., · Joshua Busby Nils Duquet · Leben Nelson Moro, 5-06, [“Climate Change and Collective Action: Troubles in the Transition to a Post-Oil Economy,” St Antony’s International Review The International Politics of Oil, http://www.utexas.edu/lbj/faculty/busby/wpcontent/uploads/busby_stair_2_1.pdf] E. Liu Oil is essential to the modern economy, providing, among other things, the foundation for transportation systems that facilitate human mobility. The security of oil supplies at reasonable and stable prices is one of the highest priorities of any government. The discovery of petroleum and the invention of the internal combustion engine radically transformed human existence in the 20th century, providing for individual mobility across wide geographic spaces. While citizens of the United States (us) in particular have long enjoyed personal automobiles, millions of Chinese and Indians are set to experience such liberty for the first time as their countries become richer. However, the seductive freedom of the automobile comes concomitantly with a dependence on petroleum that most countries must import from unstable regimes. Oil has facilitated the modern industrial economy and yet given rise to negative externalities, from pollution and negative effects on public health to a corrosive impact on governance, particularly among producer nations. These effects have become increasingly salient as the consequences of global climate change have become clearer. At the same time, the links between oil dependence, authoritarian oil producing regimes and terrorism have crystallised public awareness of the oil security ex...
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This note was uploaded on 01/30/2013 for the course ECON 101 taught by Professor Burke during the Spring '13 term at Southern Arkansas University.

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