| Featured Stories |
| Guest Opinions |
| Americas |
| Europe |
| Russia |
| Middle East |
| China |
| Australasia |
| East Mediterranean |
| Africa |
| Nuclear |
| Commentary |
| Print Issues |
 |
|
|
 |
|
|
|
 |
|
Anthony Cordesman Busts the Myth of Energy Independence
By Robert Bryce
Posted on Aug. 23, 2010

About two and a half years ago, I published my third book, Gusher of Lies: The Dangerous Delusions of “Energy Independence,” which provided multiple arguments as to why the US cannot, and should not even attempt to, be independent of the world’s single biggest and most important marketplace: the global energy market. And yet, since that time, numerous politicians from both the right and the left have declared their support for that cockeyed notion. Just last week, the White House issued a press release which declared that President Barack Obama’s signing of the stimulus package in February 2009, included “measures to modernize our nation’s infrastructure” and “enhance energy independence.” On August 11, the president gave a speech in which he said that said that “we’re investing in a clean energy industry and the jobs that come with it -– jobs that pay well and carry America to a cleaner, more secure and more energy-independent future.” In June, Agriculture Secretary Tom Vilsack issued a statement on the importance of biofuels, stating that “renewable energy development not only promotes energy independence; the regional strategy I’ve outlined sets the stage for job creation in rural communities that are often located in distressed areas and persistent poverty counties.” The corn ethanol scammers are among the most persistent promoters of the notion of energy independence. Growth Energy, an ethanol industry lobby group, says that increasing the amount of ethanol in the US gasoline supply from 10% to 15%, will “increase our energy independence.” And it even has this “E15 fact” which says “We will achieve energy independence sooner with E15.” The group also says “We believe that an energy independent America is achievable and ethanol is the most important first step to making it a reality.” I won’t go through all of the arguments I made in Gusher of Lies. Instead, I’ll let Anthony Cordesman, the security analyst at the Center for Strategic and International Studies, make my argument. Last week, Cordesman wrote a piece in which he outlined the reasons why, in his opinion, the US must maintain a strong military presence in Iraq and the Persian Gulf. Whether you agree with that assessment or not, his analysis of the global oil market is exactly right: It does not matter where the US get its oil from on any given day. The US competes in a world market driven by total world supply and pays world prices. If a crisis occurs in the Gulf, the US will compete at the same increase in prices as every other importing nation, if world price rise on a longer-term basis, the US will pay for the same increase, and if supplies are cut by a major conflict, the US must share the oil left for import with other OECD states. The global energy market is the single biggest, most important, most integrated, most transparent, market ever created. The idea that the US – the world’s single biggest energy producer and energy consumer – should attempt to secede from that market is ludicrous on its face. The fact that the White House and certain subsidy-seeking factions are continuing to use the phrase “energy independence” is an unfortunate reminder of the near-total poverty of our national discussions about energy and power.
|
|
|
Back Home
Back to Top
|
 |
|
|
Germany’s ‘Godfather of Green’ Turns Ske...
By James Delingpole
Feb. 9 2012, 12:39 EST
|
B.C. Aims to Sell Cleaner LNG
By Geoffrey Styles
Feb. 8 2012, 12:40 EST
|
All Those Billions, Blowing in the Wind
By Marita Noon
Feb. 6 2012, 11:44 EST
|
Refinery Closures Lead to Rising Gas Pri...
By Robert Rapier
Feb. 3 2012, 3:28 EST
|
In The Head Of U.S. Energy Secretary Chu
By Professor Ferdinand E. Banks
Feb. 2 2012, 12:41 EST
|
The Volt: What Happens When Ideology Get...
By Marita Noon
Feb. 1 2012, 3:04 EST
|
Ninety Seven Percent Is Not What You Thi...
By Art Horn
Jan. 31 2012, 1:07 EST
|
State of the Union: "All Out, All o...
By Geoffrey Styles
Jan. 30 2012, 1:04 EST
|
Iran Sanctions
By Andrés Cala
Jan. 27 2012, 5:30 EST
|
Time, Newsweek Bury Keystone
By Michael J. Economides & Peter C Glover
Jan. 26 2012, 11:08 EST
|
Super Fracking & the Next Shale Gale
By Peter C Glover
Jan. 24 2012, 11:55 EST
|
The Falklands and Other Dangerous Disput...
By Steve H. Hanke
Jan. 23 2012, 12:42 EST
|
|
|
|
Should Plastic Bags Be Banned?
By Kate Galbraith
Feb. 9 2012, 3:46 EST
|
Deep Discounts Fuel Canadian Oil Flow In...
By Jeffrey Jones
Feb. 9 2012, 12:06 EST
|
Oil, Food, Water: Is Everything Past Its...
By Eric Roston
Feb. 9 2012, 11:14 EST
|
Energy Spurs A Recovery In Houston
By Kristina Shrevory
Feb. 8 2012, 3:56 EST
|
Azeri, Iranian Gas Supply Failure Fuels ...
By Todays Zaman
Feb. 8 2012, 3:37 EST
|
America’s Solar PV Market: Growth And U...
By Kirsten Korosec
Feb. 8 2012, 12:55 EST
|
Crude Glut In U.S. Suppresses Canadian O...
By Shawn Mccarthy
Feb. 8 2012, 12:42 EST
|
Top 5 Largest Shale Deposits Yet To Be F...
By Pierre Bertrand
Feb. 8 2012, 12:37 EST
|
Oil Producers ‘Will Meet Demand’
By Times of Oman
Feb. 8 2012, 12:34 EST
|
Global Warming Has Stopped?
By Peter Gleick
Feb. 7 2012, 1:12 EST
|
Saudis Aren’t Keeping Lid On 100 Dollar ...
By Sharon Epperson
Feb. 7 2012, 11:42 EST
|
Fracking Is Not A ‘Fait Accompli’ For 20...
By Mireya Navarro
Feb. 7 2012, 11:35 EST
|
|
|
|
Brazil Delays Nuclear Plans After Japan ...
By Diana Kinch
Feb. 9 2012, 1:34 EST
|
Venezuela Approves Joint Venture
By MSN
Feb. 9 2012, 11:41 EST
|
Venezuela’s PDVSA to Boost Orinoco Crude...
By Nathan Crooks
Feb. 8 2012, 12:29 EST
|
Colorado Sportsmen Back Oil And Gas Disc...
By Denver Post
Feb. 7 2012, 10:26 EST
|
NM Regulators Repeal Carbon Cap And Trad...
By CBS News
Feb. 7 2012, 10:23 EST
|
Florida State Unveils Natural Gas Car
By Delmershae Walker
Feb. 6 2012, 12:21 EST
|
Pemex Seeks To Add Conoco, Shell Subsidi...
By Laurence Iliff
Feb. 3 2012, 1:55 EST
|
Petrobras Shuts Fifth Most Productive We...
By Lucia Kassai and Peter Millard
Feb. 1 2012, 12:41 EST
|
US Refiners, Union Prepare For Possible ...
By Fox Business News
Feb. 1 2012, 12:12 EST
|
Marathon Weighs Pipeline Option
By Gina Chon and Ryan Dezember
Feb. 1 2012, 11:45 EST
|
Obama: Meeting US Energy Needs Will Requ...
By EV Wind
Jan. 31 2012, 2:24 EST
|
Union Tells US Refinery Workers To Prepa...
By CNBC
Jan. 30 2012, 5:55 EST
|
|
|
|
BG Group To Cut US Shale Gas Drilling
By Fox Business News
Feb. 9 2012, 12:46 EST
|
Turkey Turns To Coal And Nuclear Power
By Steel Guru
Feb. 8 2012, 12:26 EST
|
World’s Largest Wind Farm Erects First W...
By Jessica Shankleman
Feb. 7 2012, 11:27 EST
|
E.U. Rebuffs China’s Challenge To Airlin...
By James Kanter
Feb. 6 2012, 5:24 EST
|
Italian Refineries To Shut Down Over Ira...
By Press TV
Feb. 3 2012, 2:00 EST
|
Bulgarian Coal Miners Call Off Strike
By Reuters
Jan. 23 2012, 11:59 EST
|
Chevron Gas Discovery Boosts LNG Plans
By News
Jan. 20 2012, 3:08 EST
|
Ukraine Seeks Compromise With IMF
By James Marson
Jan. 20 2012, 12:10 EST
|
Shell Joins Nova Scotia’s Offshore
By Daily Staff Biz
Jan. 20 2012, 11:29 EST
|
UAE To Set Up Clean Energy Project In Af...
By Haseeb Haider
Jan. 18 2012, 4:01 EST
|
Bulgaria Bans Chevron From Fracking For ...
By Carin Hall
Jan. 18 2012, 10:49 EST
|
Norway Awards 60 New Oil Production Lice...
By Kjetil Malkenes Hovland
Jan. 17 2012, 11:35 EST
|
|
|
|
Russia’s Sechin Proposes State Oil Field...
By Fox Business
Feb. 7 2012, 10:34 EST
|
Fire At Moscow Nuclear Institute, Russia...
By Alexei Anishchuk
Feb. 6 2012, 4:33 EST
|
Rosneft Gets License For Three Oil And G...
By Jake Rudnitsky
Jan. 31 2012, 12:28 EST
|
Russia Unveils Ambitious Coal Industry P...
By Svetlana Kalmykova
Jan. 25 2012, 5:23 EST
|
Russia Orders Oil Companies To Freeze Ga...
By Fox Business
Jan. 23 2012, 1:40 EST
|
3rd Reactor Shut Down In Czech Republic
By Voice of Russia
Jan. 23 2012, 12:06 EST
|
Miners Strike In Bulgaria Continues
By Sofia Echo
Jan. 18 2012, 3:18 EST
|
Russia Concerned About Iran’s Uranium En...
By CBS News
Jan. 10 2012, 2:38 EST
|
Putin Speaks Of Atomic Energy ‘Renaissan...
By Washington Post
Dec. 12 2011, 3:46 EST
|
Russia Rejects Iran Oil Ban
By Daniel Fineren
Dec. 7 2011, 12:15 EST
|
Floating Nuclear Power Station Helps Bal...
By RT
Dec. 6 2011, 4:21 EST
|
Japan And Korea Cooking On Russian Gas
By RT
Dec. 1 2011, 11:03 EST
|
|
|
|
India Increases Iran Oil Imports
By Benoit Faucon FAUCON
Feb. 8 2012, 12:24 EST
|
Iraq-Turkey Oil Exports Resume After Bla...
By Times of Oman
Feb. 7 2012, 10:38 EST
|
Iran To Start Early Production At Joint ...
By Tehran Times
Feb. 6 2012, 12:05 EST
|
Iraq’s Oil Law May Be Pushed Till End Of...
By Kadhim Ajrash and Nayla Razzouk
Feb. 3 2012, 2:18 EST
|
Iran Pipeline To Supply Gas By End Of 20...
By Kalbe Ali
Feb. 1 2012, 1:00 EST
|
Explosion ‘Rocks Syrian Oil Pipeline’
By Eoin O’Cinneide
Feb. 1 2012, 12:36 EST
|
US Lawmakers Take Next Step On New Iran ...
By CNBC
Jan. 31 2012, 2:35 EST
|
BP To Start Jordan Gas Exploration Soon
By Mohammad Tayseer
Jan. 30 2012, 5:20 EST
|
Abu Dhabi To Tap Nat Gas To Meet Fuel De...
By Steel Guru
Jan. 27 2012, 4:48 EST
|
Iran Says It May Cut Off Its Oil Exports...
By Rick Gladstone and J. David Goodman
Jan. 27 2012, 3:24 EST
|
Iran To Provide Ethanol Fuel Soon
By ISNA
Jan. 26 2012, 4:00 EST
|
India Offers Pak Oil Pipeline
By Pawan Bali
Jan. 26 2012, 1:10 EST
|
|
|
|
Global Oil Demand May Rise 1 Million Bar...
By Bloomberg News
Feb. 9 2012, 11:44 EST
|
Pakistan, Qatar Reach Agreement For Impo...
By International Herald Tribune
Feb. 7 2012, 11:17 EST
|
Chinese Move On Uranium Explorer
By NZ Herald
Jan. 25 2012, 5:38 EST
|
Chinese Company Sinopec Ready To Boost L...
By Neil Wilson
Jan. 23 2012, 12:46 EST
|
China’s Shenhua To Open Coal Mine In Aus...
By Reuters
Jan. 19 2012, 1:43 EST
|
China To Retrieve More Natural Gas
By Zhou Yan
Jan. 12 2012, 12:01 EST
|
Japan Asks Qatar To Ensure Stable LNG
By Mainichi News
Jan. 10 2012, 12:41 EST
|
Indonesia To Begin Renegotiating With CN...
By Platts
Jan. 9 2012, 12:38 EST
|
CNNC Unit Gets Regulatory Approval For I...
By Economic Times
Jan. 6 2012, 1:30 EST
|
PetroChina Buys Full Stake In Oil Sands ...
By AP
Jan. 4 2012, 11:46 EST
|
China Buys Russia, Vietnam Oil As Iran S...
By Florence Tan
Jan. 3 2012, 4:38 EST
|
Cnooc, Sinopec Vie Over Fracking
By Dinny McMahon
Dec. 15 2011, 3:54 EST
|
|
|
|
Shell Opens Office In Papua New Guinea
By Platts
Feb. 9 2012, 1:07 EST
|
April Date Set For Restart Of First Nucl...
By China Post
Feb. 8 2012, 12:49 EST
|
BHP To Produce More Shale Oil In U.S.
By James Paton
Feb. 8 2012, 12:32 EST
|
North Korean Leader Kim Backs Natural-Ga...
By Henry Meyer
Feb. 3 2012, 5:04 EST
|
Japan Protests China’s Possible East Chi...
By Mainichi Daily News
Feb. 1 2012, 2:00 EST
|
Japan Finds Water Leaks At Stricken Nucl...
By Reuters
Jan. 30 2012, 5:52 EST
|
Rio Tinto Denies Australian Coal Force M...
By Platts
Jan. 30 2012, 5:45 EST
|
Asians Resist Notion Of Iran Oil Cuts
By RFERL
Jan. 30 2012, 4:36 EST
|
Another Japanese Nuclear Reactor Suspend...
By Times Live
Jan. 25 2012, 5:27 EST
|
IAEA Begins Review Of Japan’s Nuclear St...
By Reuters
Jan. 23 2012, 12:03 EST
|
Edano: Japan Bracing For Nuclear-Free Su...
By Mitsuru Obe
Jan. 19 2012, 11:42 EST
|
Petronas And Shell Sign Oil Recovery Dea...
By Today Online
Jan. 18 2012, 3:26 EST
|
|
|
|
Trafigura In South Sudan Oil Row
By BBC News
Feb. 8 2012, 12:59 EST
|
Nigerian Militants Claim Attack On Oil P...
By Emirates 247
Feb. 6 2012, 12:17 EST
|
South Sudan, Kenya Sign Agreement To Bui...
By Jared Ferrie
Jan. 25 2012, 3:56 EST
|
Explosion Rocks Chevron’s Oil Rig In Bay...
By Osa Okhomina
Jan. 17 2012, 10:51 EST
|
Mozambique Protest Blocks Coal Train Lin...
By AFP
Jan. 13 2012, 12:46 EST
|
Pengassan To Shut Gas, Oil Production On...
By Taiwo Ogunmola
Jan. 13 2012, 12:22 EST
|
Nigeria Oil Union Threatens Oil And Gas ...
By Washington Post
Jan. 12 2012, 10:58 EST
|
Shell Restarts Production At Bonga Oil F...
By Sarah Kent
Jan. 5 2012, 3:05 EST
|
Violence Erupts In Nigeria Over Petrol P...
By Independent
Jan. 4 2012, 12:27 EST
|
Nigeria Gas Price Protest Turns Violent
By CBS
Jan. 3 2012, 4:49 EST
|
Shell Offshore Spill Affecting 115 Miles...
By Washington Post
Dec. 22 2011, 11:46 EST
|
Petrobras To Expand Pre-Salt Oil Drillin...
By Rodrigo Orihuela
Dec. 21 2011, 10:44 EST
|
|
|
|
US Approves First New Nuclear Plant In A...
By CNBC
Feb. 9 2012, 2:33 EST
|
Senators Irked By India’s Iran Ties
By Chidanand Rajghatta
Feb. 9 2012, 2:07 EST
|
Russia Says Bushehr Nuclear Powerplant C...
By Trend
Feb. 8 2012, 12:40 EST
|
Russia Prepares Privatization Of Nuclear...
By PSKN
Feb. 7 2012, 11:32 EST
|
TVA Looks Again At Watts Bar Schedule
By World Nuclear News
Feb. 6 2012, 4:30 EST
|
Nuclear Approvals To Be Resumed At Slowe...
By Liu Yiyu
Feb. 1 2012, 4:48 EST
|
Unusual Event At U.S. Nuclear Plant Not ...
By People Daily
Jan. 31 2012, 2:29 EST
|
S. Korea President Lee To Visit Turkey
By CRI
Jan. 30 2012, 5:49 EST
|
Indo-Pak Civil Nuclear Cooperation Possi...
By Daily Times
Jan. 27 2012, 4:53 EST
|
Turkey, Iran Calls On Quick Resumption O...
By Xinhua News
Jan. 20 2012, 5:39 EST
|
Italian Minister Says Reject Nuclear Pow...
By EurActiv
Jan. 19 2012, 4:10 EST
|
Vietnam Joins World In Peaceful Use Of N...
By People Daily
Jan. 18 2012, 3:43 EST
|
|
|
|
Approval Expected for Reactors in Georg...
Feb. 9 2012, 1:00 EST
|
Turkey Turns to Coal and Nuclear Power
Feb. 9 2012, 1:00 EST
|
US to Invest More in Solar Power
Feb. 9 2012, 1:00 EST
|
Freeze Forces Germany to Restart Nuclear...
Feb. 9 2012, 1:00 EST
|
Gasoline Consumption Falls in US
Feb. 9 2012, 1:00 EST
|
Texas’ Electric Capacity Under Scrutiny
Feb. 9 2012, 1:00 EST
|
Dems on Keystone: Only in America
Feb. 9 2012, 1:00 EST
|
How Oil is Propping up Putin
Feb. 9 2012, 1:00 EST
|
India Increases Iran Oil Imports
Feb. 9 2012, 1:00 EST
|
Volt Doesn’t Make ’12 Greenest Cars List
Feb. 8 2012, 12:32 EST
|
Geoscientists Call for Honest Dialogue o...
Feb. 8 2012, 1:00 EST
|
N. American Natural Gas Market Set to Sk...
Feb. 8 2012, 1:00 EST
|
|
|
|
|
|
|
|
 |
|
|
|