VOL. XLI
No. 42
19-October-1998
GENERAL
The US 25 Years After 1973: More Dependent On Global Oil Markets ButLess Vulnerable
The US today is more dependent on the global oil market for its primaryenergy sources than it was 25 years ago, but the nation is much less vulnerable to themarkets inherent risks, according to Mr. Michael E. Canes, Vice President, AmericanPetroleum Institute. In his testimony before the US House of Representatives Subcommitteeon Energy and Power on 2 October, Mr. Canes...
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