On the recordSeptember 16, 1996
my purpose in rising is to simply draw some attention to what is certainly evident to this Senator from Alaska; and that is, our increasing dependence on Mideast oil sources. As we have seen within the last few weeks, there has been a crisis as a consequence of the efforts of Saddam Hussein to once again provide the world with a reflection on how we have become more and more dependent on imported oil from the Mideast. We had United States cruise missile attacks against Iraq again, highlighting the crucial dependence that the United States has become accustomed to in its dependence on imported oil. I think it is fair to say the administration's policy is one that is really absent. It is difficult to identify just what our policy is, as far as energy is concerned. Back in 1973 when the United States was approximately one-third dependent on imported oil, we entered into a national security analysis because we were concerned that that increasing dependence would lessen U.S. leverage in dealing with our neighbors in the Mideast. As a consequence, Mr. President, we established the strategic petroleum reserve. That was in response to the Arab oil embargo of 1973.…
Source
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