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Reports
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Commissioned by the Energy Security Leadership Council and independently conducted by the Interindustry Forecasting Project at the University of Maryland (Inforum) and Keybridge Research LLC, this study estimates the long-term economic effects of the Council’s proposed policies for reducing the oil dependence of the U.S. economy. This study relies upon comprehensive simulation analysis employing the highly respected Inforum LIFT model, an interindustry macroeconomectric model of the U.S. economy. |
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Members of the Energy Security Leadership Council, a SAFE project, address the President, the Congress, and the American people with specific recommendations for reducing U.S. oil dependence and improving energy security. |
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This report gives an overview of the broad economic effects of a scenario in which oil prices surge to $120 a barrel due to coordinated terrorist attacks on
global oil transportation infrastructure. It is not intended to be an exhaustive analysis. This scenario was the basis for a simulation exercise conducted by
Securing America's Future Energy (SAFE) at the World Economic Forum Annual Meeting 2006 in Davos, Switzerland. |
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On June 23, 2005, a group of nine former White House cabinet and senior national security officials convened to participate in a simulated working group of the White House cabinet.
Their task: to advise an American president as the nation grapples with an oil crisis over a seven-month period. This report describes the scenario they faced and the lessons they learned. |
Briefs
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Calls for "energy independence" notwithstanding, oil is a fungible global commodity, which means that events affecting supply or demand anywhere will affect oil consumers everywhere. Read this briefing paper for more on the fundamentals of the global oil market. |
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Since oil is the lifeblood of the American economy, providing more than 40% of all energy consumed and 97% of the energy used for transportation, reducing our oil dependence will not be easy. This briefing paper outlines how the nation's oil dependence threatens U.S. economic and national security. |
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Although many of society's ills do not lend themselves to governmental fixes, this is not the case with oil dependence. Using existing and proven regulatory tools, government can play a critical role in fostering economical and technologically viable means for improving efficiency and increasing supply diversity. Learn more about measures that matter in this briefing paper. |
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"America's dependence on oil makes vulnerable the country's economic and military security and our nation must finally address this fundamental risk. As co-Chair of the Energy Security Leadership Council, I am completely committed to actively working with this diverse group of fellow business leaders to make the case for an aggressive, comprehensive policy to improve energy security."
Frederick W. Smith, Chairman, President and CEO, FedEx Corp. (co-Chair) |
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