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Coles Petropoly: The Collapse Of America's Energy Security Paradigm at Bayshore Shopping Centre in Ottawa, ON
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America's energy security paradigm has collapsed. For decades, politicians have been barking up the wrong tree when it comes to oil. Over the last seven years, domestic oil production has increased, vehicle fuel efficiency has increased, oil imports have decreased, and yet the amount Americans spend on oil imports - not just per barrel but in total - has skyrocketed. We drill more, we use less, and yet we spend more. In the wake of the Arab Spring, we can expect OPEC to keep turning the screws to drive prices higher. On the bright side, a revolution in extraction technologies has opened the door to unconventional natural gas. There's a light at the end of the tunnel, but only if we wake up, wise up, and send a message to Washington to shift gears from pork laden no-lobbyist-left-behind energy bills to Teddy Roosevelt style trust-busting. In a no-holds barred, fast paced, information packed sequel to Turning Oil into Salt, Gal Luft and Anne Korin spell out the pitfalls of an oil market dominated by a cartel and sketch a clear blueprint for getting America out from under its thumb.
America's energy security paradigm has collapsed. For decades, politicians have been barking up the wrong tree when it comes to oil. Over the last seven years, domestic oil production has increased, vehicle fuel efficiency has increased, oil imports have decreased, and yet the amount Americans spend on oil imports - not just per barrel but in total - has skyrocketed. We drill more, we use less, and yet we spend more. In the wake of the Arab Spring, we can expect OPEC to keep turning the screws to drive prices higher. On the bright side, a revolution in extraction technologies has opened the door to unconventional natural gas. There's a light at the end of the tunnel, but only if we wake up, wise up, and send a message to Washington to shift gears from pork laden no-lobbyist-left-behind energy bills to Teddy Roosevelt style trust-busting. In a no-holds barred, fast paced, information packed sequel to Turning Oil into Salt, Gal Luft and Anne Korin spell out the pitfalls of an oil market dominated by a cartel and sketch a clear blueprint for getting America out from under its thumb.
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