EEC PERSPECTIVES

Challenging the Oil and Gas Industry’s Energy Independence Message

Scitizen columnist Kurt Cobb accuses the oil and gas industry’s claims of an America nearing energy independence as no more than a smokescreen to quell citizens and policy makers and allow the industry to sell American oil to the highest foreign bidder. The oil industry has produced about 6.2 million barrels per day of crude oil and lease condensate this year, less than half of the country’s 13.6 million barrels per day net consumption. With these numbers in mind Cobb writes that the country is not only not close to oil independence, but also has no realistic prospect of ever reaching that level.

Read the full article here: Challenging the Oil and Gas Industry’s Energy Independence Message

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