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Energy Independence Is a Military, Not Economic, Concept

Posted on July 01, 2008

Forget everything you ve ever heard or thought of energy independence as an economic concept. As long as oil can be easily transported, with little regulatory or physical constraints, we have a one world market. No country either produces or consumes 100% of its own oil, and the Middle East has lost its grip on worldwide production. Other than an assured supply for the military, increasing US domestic oil production is meaningless economically.Natural gas, nuclear, wind, hydro and geothermal domestic production do have an economic impact because these energy sources cannot be easily transpor...

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gas , hydro , nuclear , oil