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October 18, 2013
A weekly look at sustainable bioenergy, farm, and forest policy issues
Oil Dependence Dilemma: Can’t Live With It; Can’t Live Without It – Or Can We?
It has been 40 years since the Arab members of the OPEC oil cartel first jolted the United States awake to the true costs of oil dependence. Petroleum prices more than tripled, with harmful shocks rippling across the U.S. economy. In the years that followed, market fears and disruptions surrounding the Iranian revolution and Persian Gulf War led to another tripling of prices and more economic shocks. At the same time, worsening air pollution in the United States and rising concerns about greenhouse gas (GHG) emissions revealed other high costs of U.S. oil dependence. Fuel economy and renewable fuel standards were among the many ways that Congress responded to these challenges. Can we do better?
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Writer: Ned Stowe
Advancing science-based climate solutions
Top-Rated Climate Nonprofit – 4-Star Charity