>
> He and his advisers considered the oil supply essential to the health
> and profitability of leading U.S. industries. They reasoned that any
> energy shortages could have severe and pervasive economic
> repercussions on businesses in automobiles, airlines, construction,
> petrochemicals, trucking, and agriculture. They deemed petroleum
> especially critical to the economy because it is the source of two-
> fifths' of the total U.S. energy supply-more than any other source,-
> and because it provides most of the nation's transportation fuel. They
> also were cognizant of petroleum's crucial national security role as
> the power for the vast array of tanks, planes, helicopters, and ships
> that constitute the backbone of the U.S. war machine.
>
> "America faces a major energy supply crisis over the next two
> decades," Secretary of Energy Spencer Abraham told a National Energy
> Summit on March 19, 2001. "The failure to meet this challenge will
> threaten our nation's economic prosperity, compromise our national
> security, and literally alter the way we lead our lives
> cont'd
>
http://www.commondreams.org/views04/0113-01.htm