U.S. Energy Independence: Myths and Reality

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Energy independence has emerged as a popular rallying cry in this U.S. election year. Democratic and Republican presidential hopefuls all at some stage have advocated energy independence, which they define as freeing the American oil consumer from the tyranny of importing petroleum from foreign countries, especially the Middle East. While convenient to advocate in an age of sound bite politics, energy independence is in fact not possible to secure in the United States in the foreseeable future, and is of doubtful utility in any country that might be in a position to achieve it. A combination of rising oil prices […]

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