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.

Group of Eight
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
Problem Type:
E: Emanations of other problems
Date of last update
23.02.2022 – 18:21 CET