By Brian Scheid
Near the end of Sunday’s contentious and much-maligned presidential debate, Hillary Clinton made, arguably, the most revealing statement yet on the likely path of energy policy in her White House.
“We’ve got to remain energy independent,” Clinton said. “It gives us much more power and freedom than to be worried about what goes on in the Middle East. We have enough worries over there without having to worry about that.”
Now, the statement may appear almost innocuous at first blush…
…Sam Ori, executive director at the Energy Policy Institute at the University of Chicago, told S&P Global Platts this week that the idea of energy independence has become “kind of a myth.”
“Our economy is fully integrated in the global market by nature of the fact that we are such large consumers of fuels like gasoline and diesel, especially in transportation,” Ori said. “The price we pay for those fuels is set in a global market, and those prices are driven by all kinds of factors like geopolitics, supply interruptions, demand in China and so on.”…
Continue reading at Platts…