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Unformatted text preview: deficit can be attributed to petroleum imports.12 In 2009, Americans wasted 4.8 billion hours sitting
in traffic, at a cost of $115 billion and 3.9 billion wasted gallons of fuel13—more than one-sixth the amount of oil
imported annually from the Persian Gulf.14 Thus, our heavy reliance on cars— and the oil they run on—has grave
implications for our national security. ) Impact Module: EU-US Relations
Free Trade and Investment Key to US-EU relations
European Commision, July 4 2012 (European Commision, United States, July 4, 2012,
http://ec.europa.eu/trade/creating-opportunities/bilateral-relations/countries/united-states/ , July 4, 2012; FAS)
(The EU and the US enjoy the most integrated economic relationship in the world, illustrated by unrivalled levels of
mutual investment stocks, reaching over €2.1 trillion. Total US investment in the EU is three times higher than in all
of Asia and EU investment in the US is around eight times the amount of EU investment in India and China
together. Investments are thus the...
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