S oil demand three weeks ago us forecasters said

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Unformatted text preview: oil. Ninety-five percent of all highway transportation is oil-dependent (the rest relying on natural gas, electricity and renewables). Sixty eight percent of the oil consumed in this country is from transportation (up from 52.3 percent in 1973) and automobiles and light trucks were responsible for over 61 percent of all transportation energy use in 2006. In fact, U.S. transportation petroleum use is equivalent to almost 185 percent of U.S. petroleum production xi . At the same time, fossil fuel will inevitably become a scarcer resource and gas prices will continue to climb. We need to make big changes now to ensure Americans have viable mobility opt ions for the future. 8 The path to energy independence is a long one and addressing oil consumption by the transportation sector is key. W ith a predicted increase in population of over 30 percent by 2050 xii , travel demand will only continue to increase. 13 | P a g e Russian Oil DA BDL Link – High US Demand Key to High Oil Prices [____] [____] High demand in the transportation sector is keeping prices high Robert Puentes, Fellow and Director, Metropolitan Infrastructure Initiative Brookings Institution, 2008 (9-9-08, “Strengthening the Ability of Public Transportation to Reduce Our Dependence on Foreign Oil,” Congressional Testimony, 909_transportation_puentes.pdf) The U.S. transportation system today consumes 70 percent of the nation's oil and is almost entirely dependent upon petroleum-based fuels.2 This demand is contributing, in part, to the global rise in the price of oil and the major hit on Americans' pocketbooks. Yet we do not come close to producing the oil we consume and that figure is declining over time, decreasing 17.0 percent since 2000.3 Only one-quarter of the crude oil consumed in the U.S. is domestically produced. Twice as much is imported and the majority of that from countries considered to be in danger of "state failure" based on a range of social, economic, and political factors.4 In addition, the transportation sector is responsible for one -third of the nation's carbon emissions and the U.S. continues to rank first among major world economies in per -capita carbon dioxide emissions, roughly double the rate of the United Kingdom and Germany.5 A recent Brookings study found that the density of land use patterns in metropolitan areas and transit availability play an important role in determining energy consumption, travel behavior and carbon emissions in our major economic centers.6 With the right policies in place, denser, walkable, and transit-friendly communities can help reduce vehicle miles traveled (VMT) and therefore help create more affordable and energy-efficient travel options for Americans. 14 | P a g e Russian Oil DA BDL Link – High US Demand Key to High Oil Prices [____] [____] US demand is key to global prices Chris Kahn, AP Energy Writer, 2012 (July 18, “Oil price climbs above $90 on...
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This document was uploaded on 02/06/2014.

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