US energy independence is allegedly a delusion...
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The idea that U.S. energy independence is a fantasy isn’t as much a shocking revelation as it is a reflection of global energy markets. Ali al-Naimi, Saudi Minister of Petroleum and Mineral Resources, made a couple interesting points in a speech Tuesday regarding America’s sought after energy independence:
- Middle East oil exports to the U.S. were higher in 2012 than any time since U.S. oil production began soaring in 2009. This trend shows that the U.S. is a major energy consumer and it will utilize various energy sources
- The notion of energy independence fails to recognize the interconnected nature of global energy markets. The U.S. should instead focus on how it will export its new oil and gas supplies
http://www.greenconduct.com/blog/2013/05/03/u-s-energy-independence-is-a-delusion/
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