Policymakers have long been concerned with the impacts of energy imports on U.S. trade, especially beginning in the late 1950s as the country moved to negative energy trade imbalances. Despite attempting to remedy these imbalances, they exacerbated the 1970s energy shortages creating ongoing concerns of potential future vulnerabilities.
However, beginning in the 2000s, new extraction technologies knowing as hydrofracking were applied to shale geological formations. With innovation and enhancements these technologies have led to a resurgence of U.S. crude oil and natural gas production.
This resurgence is broadly visible in a variety of realms. With respect to U.S. trade, the U.S. energy trade balance began moving from a deficit to a surplus in late 2018. Where during 2010, the U.S. reported a $20-plus billion monthly deficit, which breached $30 billion in 2012, the bounty of U.S. energy production has caused the balance to rise to a current $9.5 billion surplus with the trend continuing upward
EPRINC is pleased to announce that Charles K. Ebinger (Charlie to us) has joined EPRINC as a Distinguished Fellow. Charlie brings more than 30 years experience addressing the security, political, economic, environmental and foreign policy interrelationships surrounding domestic and international energy issues. He was recently Senior Fellow and Director of Brookings’ Energy Security Initiative. We look forward to drawing on Dr. Ebinger’s extensive experience and knowledge in the entire range of domestic and international energy issues. A copy of Charlie’s bio can be found here.
Larry Goldstein and Lucian Pugliaresi comment on the proposed Border Adjustment Tax, the so-called BAT. Larry is a member of EPRINC’s board of trustees and its past president. Lucian Pugliaresi is President of EPRINC. Their commentary can be found here.
Lucian Pugliaresi, President of EPRINC, has asked the regulatory agencies for more time to undertake research on the recently released (by the US Environmental Protection Agency) draft Technical Assessment Report (TAR) evaluating so-called Corporate Average Fuel Economy (CAFE) and greenhouse gas emission standards for new automobiles. A copy of EPRINC’s request can be found here. A copy of EPA’s draft TAR can be found here.
Jeff Kissel, EPRINC’s Distinguished Fellow, begins to take a look at the ambitious program by the State of Hawaii to move its power generation across all the islands to 100 percent renewable energy by 2045. Jeff discusses his project here.
EPRINC is pleased to welcome our newest Distinguished Fellow, Steve Gallogly.
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