The Opportunity to Secure Energy Independence Is Now
Ken Blackwell: “Although the United States now claims the position of top global oil producer, 90 percent of all proven reserves still remain under the control of national oil companies, many within the OPEC cartel. This fact alone illustrates how little control we have when we let the oil market determine our economic fate. … We have a unique opportunity to act quickly during this period of lower oil prices. Historically, we have moved on energy policy only in times of crisis, reacting after the damage has already been done. This was the case during the 1973 Arab Oil Embargo, and it will be the case again when the next oil price spike inevitably arrives. We should seize this moment, working from a position of strength to lay the foundations for real, lasting U.S. energy security. We have a chance to pass effective supply-side and demand-side legislation that both sides can rally behind, putting us on the path towards an America that is more economically resilient and better protected from its enemies – and that’s a good deal for all of us.”
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