Us Oil Dependence

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US Oil Dependence

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Introduction

High oil levels over the past several years were cut nearly in half following June 2014 – from

which they remain today. The quick decline has raised question to the implications for our

present economy as well as energy choices for countries’ and companies in the future. Although,

this has not been the first time price swings have occurred, issues faced remain important for

future benefit. In 2012 it was expected that by 2020, the United States would be the largest

producer of oil in the world. This projection marked milestone in history and sent media

shockwaves around the world – further deliberation and additional analysis in 2014 now projects

the United States to surpass both Saudi Arabia and leader Russia, as top producer by 2015 year

end. Coupled with Canada and its burgeoning oil sands, it’s not un-likely North America will

become a net oil exporter by 2030 if not sooner. Thus, we see light at the end of a long tunnel,

projecting US oil self-sufficiency that will dramatically alter our country’s energy profile. With

this in mind, zero oil imports may not provide the relief which it is often portrayed to have. This

brief looks to examine the present security issues posed by oil dependence, building on our

findings to provide strategic recommendation to suit.

Era of Zero Oil Imports

Beginning in the Nixon era and often a goal amongst various U.S. administrations, Zero oil

imports has been an elusive goal – hitting the benchmark is often accompanied with promise and

relief of security concerns surrounding the dependence amongst foreign oil sources.

Accompanying the above thought there is also an economic benefit likely to be realized by the

U.S. However, geopolitical and environmental concerns arise and create uncertainties which

complicate progressive political decisions.

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Dependence on foreign oil sources will most likely be subdued as a result of technological

advancement....