A new analysis by 350.org and Zero Carbon Analytics finds that 68% of global oil production is impacted by US aspirations to dominate the world's oil and gas markets.
Andreas Sieber, Head of Political Strategy at 350.org, said dependence on oil has never made us more vulnerable and unsafe. More than two out of every three gallons of oil on the global market now come from countries where the Trump government either projects ruthless influence or threatens to do so.
“High energy bills, economic shocks, and political instability aren’t accidents. They’re the predictable result of letting a few actors dominate a system everyone depends on,” Sieber says.
68% of global production oil is controlled by countries in the US sphere of influence, while 81% of global oil reserves are controlled by countries in the US sphere of influence and 53% of global gas production comes from countries in the US sphere of influence.
Under this strategy, the countries of North, Central, and South America are explicitly framed as falling within the United States’ sphere of influence. The stated aim is to reassert U.S. dominance across the hemisphere, reshaping political, economic, and security relationships in the process.
