No Thanks To Energy Independence
From Global Public Square
“Energy Independence” has been the rallying cry of politicians since the administration of Richard Nixon and an object of ridicule among cynical energy wonks for about as long. The truth is that the United States can rid itself of that pesky dependency on unreliable international markets. But maybe it isn’t such a good idea.
First, let’s establish what we’re talking about. When politicians rhapsodize about “energy independence” they are nearly always referring to oil. “Energy independence” suggests a scenario in which the United States supplies its own needs, islanded from international oil markets and unaffected by international disruptions to oil supply; a scenario in which unrest in Dhahran will not affect John Doe in Des Moines. To achieve this, the U.S. simply has to make sure that oil consumption always meets domestic oil production, and that all exports and imports are prohibited. But this is not as straightforward as it sounds.