June 2012

Trends and Resources

HP Impact: Global oil market reveals myth of energy independence

The current oil boom is creating economic benefits for the US, but it won’t shield the country from the price volatility that is inherent in the global oil market, according to a new report from ..

Thinnes, Billy, Hydrocarbon Processing Staff

The current oil boom is creating economic benefits for the US, but it won’t shield the country from the price volatility that is inherent in the global oil market, according to a new report from business and former military leaders on the Energy Security Leadership Council (ESLC), a project of Securing America’s Future Energy (SAFE). The ESLC report examines the notion of energy independence, which is typically defined as ending reliance on foreign oil, in light of the renaissance in domestic liquid fuel production, rising demand from developing nations, and increased geopolitical tensions in oil-rich regions of the world. “While the new oil boom will alleviate our trade def

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