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An oil-war puzzle: Why do we still guzzle?
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Newspaper Article
An oil-war puzzle: Why do we still guzzle?
1991
Overview
I'm not alone, however. Ronald Morse, executive vice president of the Economic Strategy Institute in Washington and author of the study on which [Robert Krulwich] based yesterday's broadcast, blamed [Ronald Reagan] for \"gutting the Department of Energy\" and handcuffing this country to a self-defeating reliance on comparatively cheap imported fuel. All of which is not to say that a case cannot be made for a muscular U.S. presence in the Persian Gulf, Krulwich said. Contrary to conventional wisdom, the world is not running out of oil just yet, he said. In fact, global reserves rose by more than 30 percent in the past five years. In his on-the-air presentation, and in a subsequent telephone conversation, Krulwich made a crucial point: While the Japanese have made significant strides toward curbing their thirst for imported oil, the United States has been on a consumption binge for the better part of the 1980s.
Publisher
Star Tribune Media Company LLC
Subject
