US should use domestic resources for future energy security

The US should harness its own domestic energy resources and innovation and cut its exposure to the dangers of the global oil market. That’s according to a new report by […]

Register now!

By Priyanka Shrestha

The US should harness its own domestic energy resources and innovation and cut its exposure to the dangers of the global oil market.

That’s according to a new report by the US Energy Security Leadership Council (ESLC), which urges US policymakers to strengthen the nation’s future energy security by increasing domestic production.

The Consumer Energy Alliance (CEA), which represents more than 200 energy consumers and producers and tens of thousands of consumer advocates, welcomed the report and said the US needs to adopt recommendations given by other groups.

David Holt, CEA President said: “The Energy Security Leadership Council correctly asserts that America’s energy security can be strengthened through an immediate increase in domestic energy production and by advancing needed attention and reforms to energy-related regulations.

“In order for our nation to reach its full economic potential and meet our growing energy needs, the President should follow the advice offered by multiple bipartisan groups in recent weeks. That being to advance development of our domestic resources – including oil and gas – and reject political posturing designed to advance one energy source at the expense of another. Pursuing such a strategy is the single most important action our nation can take to ensure our economy remains competitive for generations to come.”

According to CEA’s statistics, American innovation in oil and natural gas – especially its shale gas exploration – is expected to support 1.5 million U.S. jobs by 2015 and 2.4 million jobs by 2035.