The inaugural report from the Diplomatic Council on Energy Security highlights petroleum as a crucial component in the growth of the U.S. trade deficit to a potentially unsustainable and damaging level. Despite a third-straight year of growth in domestic oil production and a first year of net petroleum product exports since 1949, the U.S. trade […]
For the first time in decades, the United States is experiencing a dramatic and sustained increase in domestic oil production. In The New American Oil Boom, Securing America’s Future Energy examines the benefits inherent in this growth, as well as the threats posed by oil dependence to the nation’s long-term prosperity. Between 2009 and 2011, […]
Securing America’s Future Energy believes the nation’s dependence on oil is one of the single greatest threats to our long-term security and prosperity. Events over the past year have again made crystal clear the serious and ongoing threats posed by our nation’s dependence on petroleum. From increasing geopolitical tensions in oil-rich regions of the world, […]
Summary Greece’s sovereign debt crisis has led most oil suppliers to decide that they cannot take the risk of trading with Greece. This includes Russia, historically Greece’s largest supplier. This crisis has driven Greece both to draw down its oil stocks and to massively increase its reliance on Iran. As such, Greece is now the […]
Summary The National Petroleum Council (NPC) released an important report that validates the significant growth in U.S. oil and gas supplies. The NPC confirmed that new U.S. natural gas resources could supply over 100 years of demand at current consumption rates. A key subtext of the report revolves around the controversies associated with the rapid […]
