We examine the literature that considers the consequences of US reliance on imported oil.
We take an approach that covers many ideas about the costs arising from US reliance on …

For thirty years, dependence on oil has been a significant problem for the United States. Oil
dependence is not simply a matter of how much oil we import. It is a syndrome, a …

In recent years, the United States has become much more self-reliant in producing oil, and a
newer economics literature suggests that oil demand may be more elastic and US GDP may …

This paper first describes trends and future predictions of factors that determine US
dependence on oil and oil imports. We then review evidence on the oil premium, that is, the …

The legacy of higher oil prices left by the 1970s has the oil importing economies reeling, with
another unexpected oil supply interruption threatening a knockout during the 1980s. Policies …

World oil supply disruptions lead to US economic losses. Because oil is fungible in an
integrated world oil market, increased oil consumption, whether from domestic or imported …

Imported oil and gas make up a significant proportion of total consumption in the United
States; dependence on oil and gas imports constrains the foreign policy of the importing …

Oil imports represented about 43% of total US oil consumption in 1993 and oil imports are
rapidly rising. Given current policies and trends, US oil imports are projected to cost over US …

The importance of reducing US oil dependence may have changed in light of developments
in the world oil market over the past two decades. Since 2005, increased domestic …

World oil supply disruptions lead to US economic losses. Because oil is fungible in an
integrated world oil market, increased oil consumption, whether from domestic or imported …