The threat of US dependence on foreign oil to our national security.
Currently, the United States spends around $1 billion dollars every day importing oil from abroad, increasing the national deficit and supporting unstable and potentially dangerous states. The reliance of the United States on foreign oil has very serious economic and militaristic implications, making it a portentous threat to United States' national security.
A recent report on the 2009 trade deficit in the United States found that increasing petroleum imports are steadily broadening the gap between our imports and exports, further augmenting our deficit. Recently, the US Census Bureau reported the United States' annual oil debt at $386 billion, significantly greater than even our debt owed to China ($266 billion). By reducing the United States' addiction to foreign oil, a significant portion of the national debt could be drastically reduced, which would help to repair the current budget deficit.
Additionally, United States imports oil from ten states currently on the State Department's Travel Warning List, all of which are described as having “long-term, protracted conditions that make [them] dangerous or unstable.” These states include, Algeria, Chad, Colombia, the Democratic Republic of the Congo, Iraq, Mauritania, Nigeria, Pakistan, Saudi Arabia, and Syria. In 2008, the United States imported approximately $150 billion dollars worth of oil from these “dangerous or unstable” countries, including Venezuela, which although is not on State Department's Travel Warning List, exhibits a distinct anti-American foreign policy. Because the United States has one of the world's highest oil demands, consuming around 23% of the world's annual petroleum production, the US drives up the price of oil, financing and sustaining unfriendly governments. Therefore, although the United States does not buy directly from numerous unfriendly states, such as Iran, these inimical states still benefit from the increased oil prices regardless of who the end buyer is. These unfriendly regimes, which the US purchases oil from and funds indirectly by increasing the value of oil, could become potentially dangerous to the security of the United States because of the steady economic support they are gaining, which allows hostile states the opportunity to increase their military spending, putting our own troops at greater risk.