Overview

The price and availability of oil and natural gas affects every American. That's why it is important that the Energy Committee's first hearing of the 110th Congress focused on the global oil situation and its implications for U.S. economic and national security interests. As a nation, we now depend on oil imports to meet sixty percent of our oil needs. Even modest disruptions in the world supply can result in price spikes at the pump, as we have seen in recent years. First, there is little surplus production capacity relative to global demand. Much of the current production is controlled by national oil companies that are often making political rather than economic decisions, and are not making the investments needed to maintain and expand production capacity. This book examines the geopolitical factors surrounding the acquisition of oil supplies.

Full Product Details

Author:   Katherine T Harris
Publisher:   Nova Science Publishers Inc
Imprint:   Nova Science Publishers Inc
Weight:   0.414kg
ISBN:  

9781606928103

ISBN 10:   1606928104
Pages:   165
Publication Date:   27 July 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Preface; Senate Committee on Energy and Natural Resources; Bingaman, Hon. Jeff, U.S. Senator From New Mexico; Birol, Dr. Fatih, Chief Economist, Head of the Economic Analysis Division, International Energy Agency, Paris, France; Domenici, Hon. Pete V., U.S. Senator From New Mexico; Dorgan, Hon. Byron L., U.S. Senator From North Dakota; Hormats, Dr. Robert, Vice Chairman, Goldman Sachs (International); Leverett, Dr. Flynt, Senior Fellow and Director, Geopolitics of Energy Initiative, New America Foundation, Washington, DC; Salazar, Hon. Ken, U.S. Senator From Colorado; Sanders, Hon. Bernard, U.S. Senator From Vermont; Smith, Hon. Gordon H., U.S. Senator From Oregon; Stuntz, Linda, on behalf of a Council on Foreign Relations Independent Task Force; Wald, Gen. Charles, U.S. Air Force (Ret.), Former Deputy Commander, U.S. European Command, and Member, Energy Security Leadership Council; Responses to additional questions.

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