How American Power Freedom Could Change the World
Saturday, 19 April 2014
On the off chance that the bookies are to be accepted, Chelsea Clinton could end up being most fortunate US president ever.
The heavenly chalice of American pioneers in the course of recent decades, from Richard Nixon to Barack Obama, has been vitality autonomy, and on account of shale oil and gas, the dream could soon get to be actuality.
The International Energy Agency (IEA) and oil goliath BP unquestionably thinks so - they accept the US will be vitality autonomous by 2035.
As Mr Obama said in his State of the Union address a year ago: "After years of discussing it, we are at last ready to control our own particular vitality future."
Nobody is recommending America will quit importing power overnight; yet being to a great extent independent in vitality could have across the board suggestions for the US, as well as for whatever remains of the world.
On the off chance that the US attained vitality autonomy, not just might the nation use far less on less expensive, locally produced force, however the cash might be set fundamentally to US-possessed vitality makers.
A year ago, the United States used about $300bn (£180bn) on importing oil. This spoke to very nearly two-thirds of the nation's whole yearly exchange shortage. Oil imports are, in this way, sucking many billions of dollars a year out of the US economy.
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