The Energy Independence Illusion

The purported benefits of energy independence are simple: an improved economy due to the reduced outflow of dollars, improved national security, and more flexibility on foreign policy, particularly with regards to the Middle East and now Russia. Those objectives are substantial, if they can be achieved.

Peak Oil Notes – Mar 20

New York oil prices have climbed about $1 a barrel this week closing on Wednesday at $100.29, while London oil slipped to close at $105.85 on hopes that the Ukrainian situation will not lead to a curtailment of oil supplies to Europe.