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October 15, 2012

Supply 'Security,' Not 'Energy Independence,' Should Be US Focus: Study



In an alternative to the recent push to make America energy independent, a new study by Deloitte (News - Alert) suggests the U.S. should instead focus on having a secure energy supply.

U.S. energy independence may be unattainable in the near future, the study said. But energy security is an achievable goal.

The report – "Energy Independence and Security: A Reality Check" – says the United States already has “significant energy independence for most sectors and much of our economy,” according to Deloitte.

In fact, transportation is the only sector that is dependent on imports, the study said. When comments are made the U.S. requires a secure supply of energy the pundits mean a secure supply of crude oil, the study added.

The report advocates increased fuel efficiency in motor vehicles – and more transportation options, such as ride sharing, mass transportation and more electric vehicles. There should also be more alternative fuels such as methanol, ethanol and natural gas, for transportation.

The report also calls for increases in domestic oil and gas production and obtaining more crude from "friendly" suppliers such as Canada, Mexico and other nations.

"While rising global demand for oil will likely keep crude prices relatively high, it also will provide a continuing stimulus for increased domestic production," Branko Terzic, executive director of the Deloitte Center for Energy Solutions, said in a statement. "Moreover, the introduction of increasingly sophisticated enabling technologies worldwide may herald the introduction of new countries as oil suppliers, and increase potential supplies from existing friendly sources."

The U.S. should also open more onshore and offshore areas to oil and gas exploration; encourage greater energy efficiency in transportation, industrial, commercial and residential applications; and encourage multi-fuel, natural gas, electric and other alternative fuel vehicle programs. There should also be more initiatives related to alternative and renewable energy sources, such as wind and solar. 


Image via Shutterstock

Just as well, there should be support for research and development of clean coal and clean gas technologies.

The report also calls for next-generation nuclear reactors, which should be safer and more fuel-efficient. The government should enact a national nuclear fuel storage and disposal plan, the study said.

The study comes in the current political season – when candidates from both political parties are discussing energy independence, according to Fuel Fix.

In a related matter, PIRA Energy Group reported improvements in technology have allowed the United States to develop abundant supplies of natural shale gas nationwide and into Canada, TMCnet said. The study also said that “hype” about bio-fuel production will lessen and the United States will “emerge as the world’s next energy leader.”




Edited by Braden Becker

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