Analysts believe that the United States may be inching toward independence from foreign oil in as little as 20 years. The energy boom in places like North Dakota and Alaska are certainly contributing to this growth - but can we ever truly be energy independent? And how would a shift in our dependence on oil change our foreign policy and interactions?
Ed Morse, Citigroup managing director and global head of commodities research, will join The Daily Circuit Tuesday to talk about how we could be independent from foreign oil.
"It is now possible to meet the goal of energy independence for the U.S.," he wrote in a Wall Street Journal piece. "One consequence is a significantly lower vulnerability of North America--and the world market--to oil price spikes. But also significant are the geopolitical consequences of a weakened OPEC and of the potentially reduced importance to the U.S. of changes in oil- and natural gas-producing countries world-wide."
Michael A. Levi, the David M. Rubenstein senior fellow for energy and the environment and director of the program on energy security and climate change at the Council on Foreign Relations, will also join the discussion.