We consume about 25 percent of the world's oil every year, but we only have reserves, including that which has not been pumped, of about 3 percent of the oil reserves in the world.
As I explain at some length in my book 'Energy Victory,' during World War II, the American strength in oil production was a decisive advantage for the Allies. Airplanes, ships, and tanks all ran on oil, and we controlled the supply.
As we head to war with Iraq, President Bush wants to make one thing clear: This war is not about oil. It's about gasoline.
I am convinced that Nigeria would have been a more highly developed country without the oil. I wished we'd never smelled the fumes of petroleum.
Show this administration an oil well, and it will show you a foreign policy.
The world has produced about 1 trillion barrels of oil since the start of the industry in the nineteenth century. Currently, it is thought that there are at least 5 trillion barrels of petroleum resources, of which 1.4 trillion is sufficiently developed and technically and economically accessible.
We still have billions of barrels in Alaska that sit untapped. There are abundant reserves offshore in the lower 48.
According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what is estimated at the time of discovery but of the revisions and additions that come with further development.
Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars.
All Americans are dependent for their energy on the Arabian peninsula.
