VOL. XXXII
NO. 8
28-NOVEMBER-1988
GENERAL
API Warns of New Oil Crisis
The US currently imports 43% of the oil it consumes, up 31% from just threeyears ago, and approaching the 1977 record level of 48%, according to a newAmerican Petroleum Institute (API) study released recently at the annual APImeeting. The study, entitled Energy Security White Paper: US Decisions andGlobal Trends, states that "the truth is that the state of the nation'senergy health today is perceived as `good' only because...
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