for Energy Security
Dealing with the country’s energy security vulnerabilities requires sustained and targeted involvement by the federal government. The SPR plays an important role in insulating the U.S. economy from a volatile and unpredictable global oil market
General James Conway’s background as a Marine motivated him to engage in the cause of oil dependence because of its negative effects on national security.
The remarkable shift in U.S. production should be celebrated, but it is also important to remember how much surrounding energy security has not changed. More than 90 percent of the transportation is fueled by petroleum, and consumers are still vulnerable to price swings and supply outages on the global market.
The boom in crude exports & the increased relevance of Houston in the trading world reflect significant improvements in energy security. But it’s important to keep the changes in context: The U.S. still imports a large amount of crude oil.
Given the costs of oil dependence, maintaining and reforming the EV tax credit is of strategic importance to the U.S. The tax credit has been vital in helping EVs gain traction in today’s competitive car market.
One consequence of Saudi Arabia's “anti-corruption” purge is a more hawkish foreign policy and increased tension with Iran. With the U.S.’s national security and economic well-being vulnerable to instability in Saudi Arabia and the Middle East, measures to strengthen energy security and reduce oil dependence are increasingly imperative.
Opening Area 1002—a small part of the Alaskan National Wildlife Refuge—to oil exploration and development can reduce U.S. foreign import dependence.
The petrodollar system isn’t going to be turned upside down overnight, but China’s rising status will continue to disrupt the status quo, sending a powerful message that the country seeks to consolidate its strength as an economic superpower.
Outages from Hurricane Harvey and the subsequent price volatility provide a reminder that despite the enormous changes on the U.S. supply side over the past decade, the country is still dealing with energy security vulnerabilities.
Harvey’s effects on the nation’s energy infrastructure are wide-ranging, forcing a large swath of refining capacity to shut.