Energy bill shows longevity of foreign oil dependency

New Kerry-Lieberman energy bill shows just how long foreign oil dependence will be around.

Ready to guzzle for decades more?

Even the American Power Act can’t change this soon

If legislation is going to help America ween itself off foreign oil while significantly reducing CO2 emissions, then the American Power Act probably represents one of the most likely scenarios.

Unfortunately, even if the bill makes it to the President’s desk, America will still be very dependent upon foreign oil for decades to come.

If analysis of the bill proves correct, America could reduce spending on foreign oil by $51 billion per year by 2030. Of course, we’d still be spending almost $100 billion per year on foreign oil nonetheless. Even worse, history indicates that Congress will leave many loopholes in the final package, while watering down the bill, if it can even pass such legislation in an extremely cantankerous, bipartisan Congress ramping up for midyear elections amidst declining support for CO2-capping legislation.

Over the last few decades, many significant problems have spawned from US dependence upon foreign oil – with ever-increasing severity and danger. Based upon this history, is not the worst probably yet to come? Ultimately, if this issue cannot bring the people together, can any?