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Solving the oil independence problem: Is it possible?

journal contribution
posted on 2023-06-08, 23:18 authored by Benjamin SovacoolBenjamin Sovacool
As currently discussed in political circles, oil independence is unattainable—lacking coherent meaning and wedding policymakers to the notion that they can never accomplish it. Contrary to this thinking, more than a dozen different sets of technologies and practices could increase domestic supply and reduce demand for oil to the point of making the US functionally independent from oil price shocks. However, achieving this goal demands concerted action to expand and diversify conventional domestic oil supplies, reduce overall demand in the transportation and buildings sector, and continue to develop alternative fuels. If policymakers undertook such actions today, the US could become oil independent by 2030.

History

Publication status

  • Published

Journal

Energy Policy

ISSN

0301-4215

Publisher

Elsevier

Issue

11

Volume

35

Page range

5505-5514

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2015-12-02

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