The United States and Canada are awash in new oil and gas resources. That doesn't mean we're about to break our foreign-energy habit.American energy independence makes for great political rhetoric. And not much else.
We can thank President Nixon for the term. During the dark days of the 1973 Arab oil embargo, he publicly vowed to wean the United States off foreign energy sources by the end of the decade, an initiative he dubbed "Project Independence." While things didn't quite pan out the way he imagined, the dream he conjured has lived on with presidents from both parties ever since.
See full Article.
Posts
