Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

SUPPLY/DEMAND/REGIONAL

The US And The Security Of Oil And Gas Supplies

By Francisco Parra

The following article was written for MEES by Francisco Parra, a former OPEC Secretary-General and author of Oil Politics: A Modern History of Petroleum (IB Tauris, 2003).

The long march from energy self-sufficiency that began in 1948, when the US first became a net importer of oil, has been accompanied by sporadic cries of anguish during the...