Energy Independence is a mixed bag -- both good and bad energy policy ideas are promoted under its banner. The bad outweighs the good, and in any event energy independence shouldn't supplant free markets as the overarching principle for sound energy policy.
Posted by Ben Lieberman, on April 2, 2010 10:51 AM
Of course, total energy independence cannot be fully achieved, but there are many good reasons (security of energy supplies and costs to the economy among them) to reduce the U.S. dependence on imported oil.
Posted by Donald F. Boesch, on April 1, 2010 3:34 PM
The concept of energy independence is usually oversimplified in most political and media discussions. Given the globalization of the economy and the global trade in several key energy sources, a country would have to be exceptionally isolated from its neighbors to have a truly insulated energy system.
Posted by Lars G. Josefsson, on April 1, 2010 3:41 AM
"Energy independence" is something of a sloppy term, but it seeks to capture several interrelated policy objectives, and as a result is an important goal to pursue.
Posted by Bernard Finel, on March 31, 2010 2:52 PM
Simply defining energy independence as an ability to meet all domestic demand from domestic supply is almost certain to lead to high cost outcomes that will fall short of their objective.
If truth in advertising requirements applied to political slogans and proposals, energy independence would never have survived its first utterance from President Nixon.
Posted by William O'Keefe, on March 31, 2010 6:40 AM