Quantcast

U.S. Oil Boom 'Increases Energy Vulnerability'

Climate

Oil Change International

By Andy Rowell

As the International Energy Agency warns that world oil markets face a “bumpy ride” in the months ahead, President Obama has being trying to defend his energy policies.

His defense comes at a time when rising gas and energy production prices look increasingly likely to be become a key election issue in November, with his Republican challengers increasingly becoming vocal about oil and gas.

Obama has pointed out that U.S. oil production has increased 20 percent since he took office, after more than three decades of steady decline.

The Financial Times reports that Obama said that he had made “historic progress” in reducing reliance on foreign oil and making the U.S. a leader in “global clean energy."

But Michael Klare, professor of peace and world security studies at Hampshire College takes issue with Obama’s stance in a great article in the Nation. Rather than being a leader in the clean energy revolution, America risks falling far behind.

So how did this happen?

Kare argues that “It was not very long ago that America seemed headed on a path of reduced dependence on fossil fuels—oil, coal and natural gas—and greater reliance on renewable forms of energy, such as wind and solar … But Obama’s commitment to renewables has wavered in the face of relentless attacks from Republicans in Congress and the economic realities of energy production. “

Klare goes on to argue that “Obama and his Republican opponents want us to believe that the accelerated exploitation of domestic fossil fuels will enhance American national security.”

But this is a false promise. “Not only will increased reliance on domestic fossil fuels perpetuate our vulnerability to disorder in the Middle East (given the global nature of the oil market and resulting oil-price dynamics); it will also expose us to a host of other perils, ranging from drinking-water contamination to accelerated climate change," he argues.

Klare takes issue with the shale gas revolution arguing that recent estimates of how much recoverable gas there are have been downgraded and the industry faces a growing backlash in the anti-fracking movement. “The anti-fracking activism will probably not halt the expansion of shale gas production, but it will certainly reduce the number of wells, lowering total output”, he argues.

We know that all unconventional sources of oil bring greater environmental risks, whether it is water contamination from fracking or climate change from the tar sands, which the Republicans want to export to the U.S., meaning that the “likelihood of environmental catastrophe is bound to grow.”

And then Klare repeats an argument that is often made on this blog, especially by Lorne Stockman that, even if there is a mini-domestic oil and gas boom in the U.S., it will not isolate the U.S. from price shocks.

“Oil is a global commodity, so even if we obtained most of our oil from Western Hemisphere sources, we would still feel the effects of conflict elsewhere through the inevitable spikes in energy prices,” Klare writes. “Don’t expect Exxon and Chevron to give us a cheaper rate on the oil they produce here if they can sell it on international markets for twice as much—that’s just not going to happen. So we will remain just as vulnerable to international oil crises after expanding our reliance on shale oil and tar sands.”

Klare concludes that the longer we continue our fossil fuel addiction, “we will become more vulnerable over the long run, because the renewed embrace of fossil fuels will induce us to postpone the inevitable transition to a postcarbon economy.”

He finishes by saying that “Sooner or later, the economic, environmental and climate consequences of intensive fossil fuel use will force everyone on the planet to abandon reliance on these fuels in favor of climate-friendly renewables. This is not a matter of if but of when. The longer we wait, the more costly and traumatic the transition will be…”

For more information, click here.

EcoWatch Daily Newsletter

Protesters march during a "Friday for future" youth demonstration in a street of Davos on Jan. 24 on the sideline of the World Economic Forum annual meeting. FABRICE COFFRINI / AFP / Getty Images

By Andrea Germanos

Youth climate activists marched through the streets of Davos, Switzerland Friday as the World Economic Forum wrapped up in a Fridays for Future demonstration underscoring their demand that the global elite act swiftly to tackle the climate emergency.

Read More
chuchart duangdaw / Moment / Getty Images

By Tim Radford

The year is less than four weeks old, but scientists already know that carbon dioxide emissions will continue to head upwards — as they have every year since measurements began leading to a continuation of the Earth's rising heat.

Read More
Sponsored
Lucy Lambriex / DigitalVision / Getty Images

By Katey Davidson

Each year, an estimated 600 million people worldwide experience a foodborne illness.

While there are many causes, a major and preventable one is cross-contamination.

Read More
picture alliance / dpa / F. Rumpenhorst

By Arthur Sullivan

When was the last time you traveled by plane? Various researchers say as little as between 5 and 10 percent of the global population fly in a given year.

Read More
A Starbucks barista prepares a drink at a Starbucks Coffee Shop location in New York. Ramin Talaie / Corbis via Getty Images

By Cathy Cassata

Are you getting your fill of Starbucks' new Almondmilk Honey Flat White, Oatmilk Honey Latte, and Coconutmilk Latte, but wondering just how healthy they are?

Read More