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Pentagon Oil Spending May Snarl Efforts to Trim $490 Billion

The U.S. military’s appetite for oil may snarl efforts to pare defense spending by about $490 billion in the next decade.

The Pentagon, the world’s single largest consumer of energy excluding countries, spent $17.3 billion on petroleum in fiscal 2011, a 26 percent increase from $13.7 billion the previous year, according to Department of Defense data provided to Bloomberg Government.