In the midst of the 1973 Arab oil embargo, President Richard Nixon launched “Project Independence” to make the U.S. energy self-sufficient by 1980. Every president since has also promised to make the U.S. energy independent.
In his latest op-ed, Jason Bordoff explains why, on balance, the provision in this week’s budget deal to sell crude oil from the Strategic Petroleum Reserve (SPR) increases, not decreases, U.S. energy security.
Tensions between the United States and China are running high on issues including cyber security, the South China Sea and currency values. So why are the U.S. and China working so well together on climate change?
Center Director Jason Bordoff, writing in the Wall Street Journal, argues that while lower gasoline prices are a boon to the U.S. economy and motorists, consumers may be in for a bumpy ride moving forward.