While Congressmen and presidential candidates argue over whether or not the United States should tap into its own domestic supply to meet our future energy needs, at least one foreign producer is stepping up to the plate. If the United States doesn’t expand domestic production, we can count on Russia to be there for us:
Perhaps Democrats are simply showing their faith in the market to respond to our energy needs; if we don’t drill more at home, we can instead depend on GazProm for our energy. I’m sure that GazProm would never cut the U.S. off — the way it has Eastern Europe, Ukraine, China, and others. At any rate, at least they wouldn’t be any less reliable than Nigeria, Venezuela, Saudi Arabia, and Mexico — our leading suppliers of imported oil. That GazProm is willing to invest heavily in the U.S. market is a clear indication that they expect our reliance on foreign sources of energy to grow, rather than shrink. Given the political risk associated with most of our major suppliers, doesn’t it become likely that we will face an energy crisis in the next decade or so, unless we increase our domestic supply?
