Ever since the Arab Oil Embargo of 1973, American energy policy has largely orbited around the hackneyed idea of “energy independence.”
I put that phrase in quotes because the concept has never had a clear definition or concrete goal. The idea of energy independence has been used to justify a myriad of policies including oil shale (not shale oil), corn ethanol, cellulosic ethanol, and many others. As I explained in my third book, Gusher of Lies: The Dangerous Delusions of Energy Independence, the phrase provides a “prized bit of meaningful-sounding rhetoric that can be tossed out by candidates and political operatives eager to appeal to the broadest cross section of voters…With energy independence, America can finally dictate terms to those rascally Arab sheiks from troublesome countries. Energy independence will mean a thriving economy, a positive balance of trade, and a stronger, better America.”
I went on to explain that the concept gained traction after the September 11 attacks and that many Americans got “hypnotized by the conflation of two issues: oil and terrorism” and the claim that buying oil from the Persian Gulf means that “petrodollars go straight into the pockets of terrorists like Mohammad Atta and the 18 other hijackers who committed mass murder on September 11.”
But here’s the rub: over the past 50 years (it’ll be exactly 50 years in October) the dubious concept of energy independence has only been applied to oil. No other energy commodities were given the same weight or consideration. That blindness to our reliance on foreign supply chains for critical energy commodities is about to bite back in a big way.
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