Energy Policy, Vol.35, No.11, 5505-5514, 2007
Solving the oil independence problem: Is it possible?
As currently discussed in political circles, oil independence is unattainable - lacking coherent meaning and wedding policymakers to the notion that they can never accomplish it. Contrary to this thinking, more than a dozen different sets of technologies and practices could increase domestic supply and reduce demand for oil to the point of making the US functionally independent from oil price shocks. However, achieving this goal demands concerted action to expand and diversify conventional domestic oil supplies, reduce overall demand in the transportation and buildings sector, and continue to develop alternative fuels. If policymakers undertook such actions today, the US could become oil independent by 2030. (C) 2007 Elsevier Ltd. All rights reserved.
Keywords:energy security;oil independence