Rethinking America's energy security
Last month, amid fears the Suez Canal might be closed by the political turmoil in Egypt, the price of oil briefly topped $100 per barrel. As a result of ongoing clashes in Bahrain and Libya, oil prices are again approaching the century mark.
The revolutions in North Africa, along with other evidence of political instability across the Middle East, should remind us that America’s lack of a coherent domestic energy policy is putting our economy and our national security at risk.
Rep. Doc Hastings (R-Wash.), Chairman of the House Natural Resources Committee, perhaps best summarized these risks when he recently stated, “The current political unrest in Egypt and its unstable neighbors strongly reinforces America’s need to reduce our dependence on turbulent regions of the word and produce more energy at home.”