March 6, 2012
The Petrostates of America
Steve Kopits, Foreign Policy
The United States now faces a daunting challenge: The world's crude oil supply has been flat for years, even as emerging economies demand ever greater quantities. To prosper in this environment, the United States will have to make progress in using fuel more efficiently faster than emerging economies can bid away the oil supply. All of which raises the question: Can we live without oil? . .
TAGGED: oil, gas prices, oil prices, U.S. energy policy, foreign policy