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...
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