North America FTW

11.17.12

The Coming of US Energy Independence

Daniel Yergin contemplates it:

The US will continue to be an oil importer for a long time but imports will decline sharply – partly because of increasing supply but also because US demand for oil has reached a peak. The nation will become more efficient in how it uses oil, with mandated improvements in car fuel efficiency. The US’s imported oil will increasingly come from the western hemisphere, especially Canada, which already supplies almost 30 per cent of total US oil imports. (Some refineries on the Gulf coast will probably still require specific types of oil from the eastern hemisphere.)