Dependence on imported oil


The Group of Seven was founded to deal with the economic fallout and currency devaluation set off by the 1973 oil price shock.

In 1996 the USA was more reliant on oil imports than at any time since 1977. Almost half of its daily oil consumption of 18 million barrels is imported.


Instead of taking advantage of the opportunities to slowly intensify conservation measures during the 1990s, countries (notably the USA) have locked themselves backed into excessive consumption patterns and wasteful infrastructure that will make them more, not less, dependent on imported oil by the year 2010.

Group of Eight
Problem Type:
E: Emanations of other problems
Related UN Sustainable Development Goals:
GOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and ProductionGOAL 16: Peace and Justice Strong InstitutionsGOAL 17: Partnerships to achieve the Goal
Date of last update
06.08.2019 – 19:13 CEST