National Security Advisor Tom Donilon spoke at the launch of Columbia University's Center on Global Energy Policy on April 24, 2013. He discussed the effects of U.S energy policy on the economy, environment, international relations, and national security.
The U.S. energy revolution is not confined to a single fuel or technology: oil and gas production, renewable energy, and fuel-efficient automobile technologies all show great promise. To best position the country for the future, U.S. leaders should capitalize on all these opportunities rather than pick a favorite; the answer lies in 'most of the above.'
Asked by Fagner Dantas, from Universidade Federal da Bahia
The global energy map is being redrawn at an accelerated pace. All signs point to the United States becoming part of an increasingly hemispheric energy trade, both for oil as well as for biofuels like ethanol. The Middle East will still loom large in U.S. energy policy given its crucial role in the world oil market, but U.S. energy officials and companies are forging deeper ties with their counterparts elsewhere in the Americas.
With this new American energy renaissance, Meghan L. O'Sullivan says, "The United States needs to rethink its grand strategy; strength in the energy domain can be a major driver of U.S. influence in a world in which American power is more diffuse."
Taxes on oil consumption have long been a legislative third rail, yet concerns about the national debt may soon change that political calculus. Daniel Ahn and Michael Levi demonstrate that energy taxes can reduce the national debt and improve economic performance, all while reducing U.S. oil consumption.
Michael A. Levi says, "The benefits of the oil and gas boom—jobs, wealth and, in the case of natural gas, reductions in greenhouse gas emissions—offer plenty of reasons to continue to develop these resources judiciously. But we should beware of turning this potential blessing into an unintended curse."
Blake Clayton says what's really behind New York's epic gasoline lines in the wake of Hurricane Sandy is the problem of getting gas and power to gas stations, with panic buying making things all the worse.
Blake Clayton argues that cyber attacks on oil and gas operations are the new face of energy insecurity, with vast potential for crippling effects on global energy prices and nations far beyond the Middle East.
Blake Clayton and Greg Sharenow explain how the threat of a Strategic Petroleum Reserve release is a tantalizing tool to influence the oil market and consider whether the White House is the new Federal Reserve of oil.
In an article launching a new Forbes.com blog, "Risk and Return,"Blake Clayton says that President Obama, having learned the hard way last year that a Strategic Petroleum Reserve release can't reliably lower oil prices for very long, is likely weighing the potential political costs of a release versus its possible economic benefits.
Blake Clayton argues for greater transparency about the U.S. Strategic Petroleum Reserve's capabilities to release oil to the market, particularly in light of profound recent changes in the North American oil landscape.
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