Pipelines image via shutterstock. Reproduced at Resilience.org with permission.
Congress is holding hearings this week on the possible lifting of a US oil export ban instituted in the 1970s to promote national energy self-sufficiency and has invited a number of “experts” with dubious ties to the oil and gas industry to explain to them why it’s such a good idea. Following Russia’s near-annexation of Crimea, American politicians are intent on undercutting Russian president Vladimir Putin’s greatest geopolitical asset—his country’s oil and natural gas exports. If the US could supply Europe with large amounts of fuel, that would reduce the Continent’s dependency on Russia while depriving Putin of needed revenues.