Global Economy Plays Major Role in U.S. Energy Strategy
National Defense Magazine
The United States consumes 25 percent of the world’s petroleum but has only 3 percent of its reserves. Many advocates of “energy independence” cite that fact as a reason for abandoning foreign oil and relying on domestic renewable energy such as wind and solar. Others argue that “energy independence” means we should substitute domestic oil shale, natural gas and offshore fossil fuels. But both flavors of “energy independence” are based on false premises.