By Dr. Carolyn Pumphrey
Key Insights.
The U.S. is relatively well placed when it comes to energy security (defined as security from shocks in prices). We are finding more fossil fuels — especially natural gas — and are otherwise buffered from disaster by advantages ranging from the existence of strategic reserves to market mechanisms that plug gaps in our supply.
In the future, we have less to fear from diminishing supply than from rising demand, especially in rapidly industrializing countries.
The U.S. should engage in a policy of strategic restraint in the Middle East: military force is not the best instrument to use in securing energy supplies. However, the U.S. Armed Forces can increase energy efficiency, provided this does not undermine the effectiveness of its fighting forces.