1. Independence day: A special report on North America's oil and gas boom
- Author:
- Martin Adams
- Publication Date:
- 10-2012
- Content Type:
- Working Paper
- Institution:
- Economist Intelligence Unit
- Abstract:
- The bulk of the world's proven oil reserves are concentrated in places that are hostile to the West, unstable or a combination of the two. Since the US is the world's largest importer of oil, concerns about energy security have long simmered in Washington. On top of this, global oil prices have hit new highs in recent years and remained persistently strong. This adds to anxieties about the security of energy supplies and places a burden on the US economy. Partly as a result of elevated prices, however, something new—and, arguably, revolutionary—has happened.
- Topic:
- Climate Change, Economics, Energy Policy, International Trade and Finance, Oil, and Natural Resources
- Political Geography:
- United States and North America