straight talk on energy independence

A pleasant surprise from the Washington Post:

the idea that the United States, the world’s single largest energy consumer, can be independent of the $5 trillion-per-year energy business — the world’s single biggest industry — is ludicrous on its face. The push for energy independence is based on a series of false premises.

They identified five myths about energy independence:

  1. Energy independence will reduce or eliminate terrorism.
  2. A big push for alternative fuels will break our oil addiction.
  3. Energy independence will let America choke off the flow of money to nasty countries.
  4. Energy independence will mean reform in the Muslim world.
  5. Energy independence will mean a more secure U.S. energy supply.

And the said the same thing I always say:

Remember, the two largest suppliers of crude to the U.S. market are Canada and Mexico

Whole article here.

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Filed under economics, I believe that trade deficits are our future, lies, oil

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