The long march to energy independence: Part 2
The US finally achieved energy independence in November 2019, but was the mission a mistake from the start?
Energy independence can be achieved by boosting domestic supply or reducing domestic consumption. Most US administrations since that of President Nixon have chosen the first option because the alternative was seen as too politically risky. Boosting prices through measures such as gasoline taxes, while optimal for cutting use, was anathema to elected officials. The road to energy independence for the US—technically achieved in November 2019—was rough and circuitous. When the goal was reached, most observers saw it as a wasted effort or even a terrible mistake because success came through boosting fossil fuel use and probably adding 1–2°C to average global temperatures. Had world efforts towar
Also in this section
13 November 2025
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
12 November 2025
The November 2025 issue of Petroleum Economist is out now!
10 November 2025
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
10 November 2025
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode






