Responsible Energy Policies Are Not A Zero-Sum Game
September 18, 2013, 6:13 PM EDT
Law360, New York (September 18, 2013, 6:13 PM EDT) -- According to the International Energy Agency, the U.S. is poised to be nearly energy self-sufficient by 2035. An increase in domestic production by a record 766,000 barrels a day has driven the share of demand satisfied by net petroleum imports down 20 percent since 2005.
This growth has led to calls for Congress to lift the limit on oil exports that it enacted in the 1970s, driven by an Arab oil embargo that showed how truly vulnerable the U.S. was to the vicissitudes of Middle East...