President Barack Obama on Tuesday (Dec. 20) designated the bulk of U.S.-owned waters in the Arctic Ocean and certain areas in the Atlan... Read More
December 15, 2016
This report by By Institute for 21st Century Energy, part of the U.S. Chamber of Commerce (www.energyxxi.org)
This year’s edition of the Institute for 21st Century Energy‘s Index of U.S. Energy Security Risk (U.S. Index) shows yet another year of improvement in the country’s energy security. As the report that follows shows, since energy security risks reached their highest level in 2011, we have seen a dramatic improvement that continued into 2015, when the risk index hit a score of 77.9, the lowest level since 1996.
That this lowering of risk occurred at the same time U.S. energy companies were using hydraulic fracturing, horizontal drilling, and advanced seismic imaging to coax unprecedented volumes of oil and natural gas from shale formations is hardly a coincidence. The beneficial effects of this energy revolution have rippled throughout the entire economy, lowering imports, improving our balance of trade, creating good-paying jobs, lowering energy prices and expenditures, and giving a still-ailing economy a much needed shot in the arm.
“The outlook for U.S. energy security is as bright as it has been since we started measuring it back in 2011. While it is never safe to bet against America’s entrepreneurs, one should also never take a bright energy future for granted, either.”
See the entire report at the Institute for 21st Century Energy.
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