Oil Dependence and Economic Risk: Hearing Before the Committee on Foreign Relations, United States Senate, One Hundred Ninth Congress, Second Session, June 7, 2006   [open pdf - 156KB]

From the opening statement of the Hon. Richard G. Lugar: "Today the committee meets to continue our examination of the geopolitical consequences of energy imbalances and United States dependence on energy imports. In previous hearings, we have focused on quantifying the costs of U.S. energy dependence and examining options for improving our energy security. We also have explored in detail how energy is shaping our relationships with other nations, including India, China, and the Persian Gulf states. Later this month, we will have hearings that look at energy in the context of our relationships with Latin America and with Russia. Today, with the help of our esteemed witness, former Federal Reserve Chairman Alan Greenspan, we will have a unique opportunity to examine economic effects of United States energy dependence. We are delighted that Chairman Greenspan has joined us today. He has given extraordinary service to our country over many years, and no one speaks with greater authority on the United States economy. His presence here, for his first Congressional testimony since leaving the Federal Reserve, is a testament to the economic importance he ascribes to solving our energy dilemma. The Foreign Relations Committee has devoted intense scrutiny to energy issues because we believe that America's national security and our economic well-being depend on reducing our dependence on foreign oil and establishing more predictable, transparent, and cooperative relationships with both producer and consumer nations. To this end, I have introduced the Energy Diplomacy and Security Act which would strengthen United States diplomatic capabilities related to energy and encourage greater international cooperation on energy security." Additional materials submitted for the record by the following: John Podesta.

Report Number:
S. Hrg. 109-950; Senate Hearing 109-950
Public Domain
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Government Printing Office, Congressional Hearings: http://www.gpoaccess.gov/chearings/index.html
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