02 Sep '11, 9pm

Reality Check: New Keystone XL Report Blows Up Steven Chu's "Energy Security" Claim

Here’s the reality: Protecting the United States’ energy security means keeping our continent’s oil in the ground for when we need it in an emergency. The United States and Canada combined hold less than 5 percent of the world’s proven oil reserves. Thanks in part to expanded domestic drilling during the Obama administration, we’re depleting those reserves at a high rate. That means we have far less oil to fall back on in the event of true emergency, like an oil embargo or a major war when access to foreign oil supplies becomes difficult or even impossible. If we’re really concerned about security, tar-sands oil should be a last-gap, man-the-barricades option — something we as a society hope we never have to use…. It’s important to contrast this depletion reality with the old canard that the oil industry and its backers continue to push: that drilling domestically somehow ...

Full article: http://www.desmogblog.com/reality-check-new-keystone-xl-r...

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