Over a barrel

Compounding that short-sightedness is the burning of natural gas to extract oil from the tar sands, over 60% of which is exported to the U. S. This problem will increase exponentially as the tar sands expand from the current 1.2 million bpd to more than double that by 2016. [...] Reacting to the shock of learning it was so dependent on Middle East oil in the 1970s, the U. S. first tried to assure itself of access to overseas oil in the event of an emergency by creating the International Energy Agency. [...] The U. S. has 4.6% of the world’s people,4 produces 10% of the world’s oil and consumes 24% of it.5 If the U. S. implemented the goal Jimmy Carter set 31 years ago of the U. S. living off its own energy resources to attain independence, the average 3. Member countries’ full response includes “stockdraw, demand American would still have access to more than double the world’s restraint, fuel-switchi [...] There was an exception to a lack of interest in the 1993 federal election, which marked the end of the Mulroney Conservative era and the beginning of Jean Chrétien’s 11-year reign. [...] Solway Chair in Business and Trade Law at the University of Ottawa, and However, other experts doubted that Canada’s interpretation would is on the roster of panellists under Chapter 19 of NAFTA and on the stand up in a NAFTA dispute-resolution tribunal.14 The U. S. trade Indicative List of Panelists of the World representative, Mickey Kantor, bluntly declared, “None of these Trade Organization (D