for Oil Dependence
Amid weaker demand and chronic oversupply, U.S. shale is facing fundamental questions about its longevity.
The supply risk is far from over despite de-escalating Iran-U.S. tensions, but the price retreat reflects a world still awash in oil.
Global supply outages stand at exceptionally high levels—even as Brent struggles to stay above $60 per barrel.
The immediate impact of Abqaiq may have been minor, but the long-term lessons from this incident are bound to become more clear with time.
Saudi Arabia's veiled threat to leverage its oil production, in response to widespread outrage over the fate of Jamal Khashoggi, serves as a reminder of the kingdom's power over the global economy.
The United States spends at least $81 billion every year protecting the global free flow of oil.
Waste Management, headquartered in Houston, has been an industry leader in transitioning to alternative sources of fuel. Its fleet includes an increasing number of vehicles that run on CNG and other renewable transportation fuels.
The geopolitical events of today are a perfect reminder of why the country must not come to an impasse over fuel efficiency standards.
Some commentators argue that due to the rapid rise in shale production, reliance on petroleum is not a national economic and security threat. But oil dependence remains a strategic vulnerability for U.S. consumers and businesses.
Admiral Dennis Blair served in the Navy until 2002 and was commander in chief of U.S. forces in the Pacific region. He also served in the White House during the Reagan administration and was appointed the Director of National Intelligence from 2009-10.