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Abstract:
The United States can achieve independence from foreign oil in 2018. Increasing production from current oil fields, developing untapped oil resources, converting coal to oil and oil shale extraction can produce an additional 4.1 million barrels per day. Increased ethanol production and proliferation of natural gas and hydrogen vehicles can produce the equivalent of 5.9 million barrels per day. Increased Corporate Average Fuel Economy standards, federal gasoline taxes and proliferation of hybrid vehicles can conserve 2.8 million barrels per day. Expanding the definition of domestic oil to include Canadian and Mexican oil reduces foreign oil imports by 3.3 million barrels per day. These initiatives eliminate the need for the United States to import oil in 2018 and beyond. Eliminating the nation's dependence on oil imports will improve security by guaranteeing an abundant, readily available domestic energy supply. Oil independence will free the Unites States from economic coercion by the world's oil producers via price fixing and production quotas. The leverage oil producing states wield will evaporate as the nation gains its independence thereby enabling the United States to reevaluate its foreign policy and diplomacy initiatives.
| Limitations: |
 APPROVED FOR PUBLIC RELEASE |
| Description: |
Strategy Research project |
| Pages: |
47 |
| Report Date: |
03-Feb-2009 |
| Report Number: |
A582494 |
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