The idea of oil "independence" understandably appeals to Americans. But at some point America's leaders must recognize the physical evidence indicates the alleged "energy revolution" is likely to be merely a relatively short-term bump.
The oil price has skyrocketed over the past few months and the finger often points to Libya and claims of supply disruptions have dominated the press. However, are these claims grounded in fact or are we watching yet another sentiment driven bubble?
The recently released base case from the EIA paints a future of cheap energy for the economy. But its underlying assumptions are no more credible than those that underpinned the optimistic forecasts released by the International Energy Agency.
Federal climate legislation is crucial if our country is to be a responsible member of the global community. While the wind industry will contribute significantly to the solution, solar has a long way to go.