Stories

The drawbacks to U.S. energy dominance

"The Dark Side of America’s Rise to Oil Superpower" from Bloomberg Businessweek: "America is on pace to become the world’s biggest oil producer. ... With shale surging, U.S. imports of Saudi oil plunged to a 30-year low. When OPEC cuts production to raise prices, shale drillers can boost output, undermining OPEC. Biggest loser to keeping prices low is likely Russia."

Why it matters: "U.S. energy dominance isn’t all that and a bag of chips, particularly since climate change repercussions will only get more expensive and the political influence of erratic petro-states will still persist."