Friday, April 18, 2014
The country's energy paradigm is caught between the slogans of “drill-baby-drill” and “oil is evil.” The real problem arguably is that the global oil market is controlled by the OPEC cartel that artificially fixes prices. That could explain why oil prices continue to rise even though the United States, the world’s largest petroleum consumer, is producing more and consuming less. “We can’t be fixated on bringing down the price of oil because that is not going to happen,” said Kate Gordon, Director of the Energy and Climate Program at Next Generation. Alternative fuels advocates say the only way that will change is with other fuels that can compete and give consumers choices for the first time since the early days of the automobile. “The concept of energy independence is misleading,” said Eyal Aronoff, Co-founder of the Fuel Freedom Foundation, “the question is about oil independence.” The most prominent alternative to oil right now in the U.S. is natural gas and Gal Luft, co-author of “Petropoly”, said that “when you look at big oil...they are becoming increasingly natural gas companies.” A conversation with three experts on changing America’s energy security paradigm.
This program was recorded in front of a live audience at The Commonwealth Club of California on April 5, 2013