WASHINGTON, D.C.–(ENEWSPF)–April 23, 2010. The national security risks that stem from the United States’ heavy reliance on foreign oil are well documented. One in five barrels of U.S. oil come from countries that the State Department considers to be “dangerous or unstable.” And the cost of this oil will rise as global demand increases. These high prices benefit all petro-states regardless of whether the United States is buying from them or not. The United States doesn’t buy Iranian oil, for example, but a $1 increase in oil prices provides an additional $1.5 billion to the Iranian government annually.
