Energy Strategy of the United States: Correction of Priorities

In: Mirovaja ėkonomika i meždunarodnye otnošenija: MĖMO, Heft 3, S. 13-23

Abstract

Сomprehensive energy strategy presumes focusing of U.S. government's and private investors' efforts in the following key areas: increasing energy efficiency of the national economy, search for effective alternative to traditional motor fuels, safe and responsible production of hydrocarbon resources, promotion of renewable energy investments, accent on the innovation component of the energy complex. Thanks to "shale revolution", the US will fully cover domestic demand for natural gas by domestic production and may become an exporter of LNG. Cheap gas is a competitive advantage for the United States and can serve as a foundation for a new era of rapid economic development. Dependence on the supply of oil from abroad will gradually weaken, but doubts remain about the U.S. ability to achieve full self-sufficiency in oil.