Strategic Cost Of Dependence On Foreign Energy

Law360, New York (June 5, 2007, 12:00 AM EDT) -- In recent years, international oil companies have turned their attention to potentially rich oil and natural gas fields in far-eastern Russia, primarily in the vicinity of the Sakhalin Islands, and to Africa. Both are potentially unstable sources of oil and put the United States in a seriously compromised strategic position, as well as adding dramatically to our balance of trade deficit. Such a result is unnecessary.

This country’s strategic interest lies in reducing its dependence on foreign energy sources, not just oil. Many events illustrate the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.