The Stunning Cost Of America’s Dependence On Oil

Oil

America depends on oil for a lot of things. But one sector relies on this form of energy more than most.

According to a report by Securing America’s Future Energy (SAFE), transportation accounts for a shocking 70% of total U.S. oil consumption. And, as long as American vehicles are powered by oil, road traffic congestion will continue to be a costly problem due to wasted fuel consumption.  

Over the last 10 years, the total cost of this waste reached almost $1 trillion. Despite a push toward more fuel-efficient cars, that number is only expected grow over the next 20 years alongside increased urbanization. 

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[slide
permalink=”the-us-is-the-worlds-largest-oil-consumer-1″
title=”The U.S. is the world’s largest oil consumer”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218b42ecad041c3200002b”
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[slide
permalink=”and-while-the-us-remains-a-major-oil-producer–2″
title=”And while the U.S. remains a major oil producer …”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218acc69bedd6c1700003c”
caption=””
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]
[slide
permalink=”-net-petroleum-imports-currently-meet-more-than-half-of-the-countrys-total-oil-demand-in-2008-the-us-sent-38-billion-55-of-the-deficit-overseas-for-crude-oil-and-petroleum-3″
title=”… net petroleum imports currently meet more than half of the country’s total oil demand. In 2008, the U.S. sent $38 billion (55% of the deficit) overseas for crude oil and petroleum.”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218a6269bedd9212000037″
caption=””
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]
[slide
permalink=”us-oil-dependence-cost-the-nation-more-than-5-trillion-between-1970-and-2010-4″
title=”U.S. oil dependence cost the nation more than $5 trillion between 1970 and 2010.”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218a21eab8ea681e00001e”
caption=””
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]
[slide
permalink=”more-than-50-of-the-worlds-oil-supplies-pass-through-chokepoints-like-the-strait-of-hormuz-consequently-11-to-13-of-the-us-defense-budget-675-billion-to-91-billion-is-devoted-to-guaranteeing-free-flow-of-oil-5″
title=”More than 50% of the world’s oil supplies pass through chokepoints like the Strait of Hormuz. Consequently, 11 to 13% of the U.S. defence budget ($67.5 billion to $91 billion) is devoted to guaranteeing free flow of oil”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f21883ceab8ea522000001b”
caption=””
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]
[slide
permalink=”with-oil-prices-averaging-100-per-barrel-the-department-of-energy-forecasts-opec-net-export-revenues-to-exceed-1-trillion-in-2011-6″
title=”With oil prices averaging $100 per barrel, the Department of Energy forecasts OPEC net export revenues to exceed $1 trillion in 2011.”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218bc1ecad04da2f000035″
caption=””
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]
[slide
permalink=”in-2010-transportation-accounted-for-70-of-total-us-oil-consumptionmore-than-13-million-barrels-of-oil-per-day-7″
title=”In 2010, transportation accounted for 70% of total U.S. oil consumption—more than 13 million barrels of oil per day”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f21885f6bb3f7a44e00005d”
caption=””
credit=””
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]
[slide
permalink=”from-the-early-1980s-through-2007-the-quantity-of-congestion-related-fuel-waste-increased-steadily-8″
title=”From the early 1980s through 2007, the quantity of congestion-related fuel waste increased steadily”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218924ecad04d82900004c”
caption=””
credit=””
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]
[slide
permalink=”in-2010-urban-drivers-wasted-19-billion-of-gallons-of-fuelequivalent-to-about-101-billion-9″
title=”In 2010, urban drivers wasted 1.9 billion of gallons of fuel—equivalent to about $101 billion”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f2189b3ecad04d82900005c”
caption=””
credit=””
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]
[slide
permalink=”the-total-annual-cost-of-congestion-is-more-than-1-billion-in-each-of-the-cities-identified-together-they-account-for-78-of-fuel-wasted-nationally-10″
title=”The total annual cost of congestion is more than $1 billion in each of the cities identified. Together, they account for 78% of fuel wasted nationally.”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f2188d2ecad04dd2f00001c”
caption=””
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[slide
permalink=”and-urban-gridlock-in-cities-of-all-sizes-is-only-expected-to-get-worse-over-the-next-20-years-resulting-in-65-increases-in-wasted-fuel-11″
title=”And urban gridlock in cities of all sizes is only expected to get worse over the next 20 years, resulting in 65% increases in wasted fuel”
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f2189ddeab8eacb1900004b”
caption=””
credit=””
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]
[slide
permalink=”truck-travel-is-expected-to-increase-almost-80-by-2040-12″
title=”Truck travel is expected to increase almost 80% by 2040″
content=”Source: Securing America’s Future Energy
image=”http://static.businessinsider.com/image/4f218beaecad04da2f000038″
caption=””
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]
[slide
permalink=”heres-where-america-isnt-spending-13″
title=”Here’s where America isn’t spending…”
content=” The alarming collapse of US Infrastructure spending >
image=”http://static.businessinsider.com/image/4eb3e348ecad04b048000050″
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]
[/slideshow]