ABSTRACT

American Energy Exports: Opportunities For U.S. Allies and U.S. National Security, Hearing Before the Committee on Foreign Relations, Subcommittee on Multilateral International Development, Multilateral Institutions, and International Economic, Energy, and Environmental Policy, U.S. Senate, One Hundred Fourteenth Congress, First Session, June 23, 2015   [open pdf - 1MB]

This is a testimony compilation of the June 23, 2015 hearing "American Energy Exports: Opportunities For U.S. Allies and U.S. National Security" held before the Senate Committee on Foreign Relations. From the testimony of Robert McNally: "It is an honor to speak with you today about the role of US energy exports in strengthening our foreign policy and national security, particularly by assisting our allies, many of whom contend with much more challenging energy security situations than ours. Oil and natural gas are the lifeblood of modern civilization. Their abundance and affordability are prerequisites for thriving economic growth, high living standards, and ample employment. They are also an essential requirement for our national security. US foreign policy has historically benefited from our strong position as a producer and exporter of energy. While we were known as the 'Arsenal of Democracy' during World War II, we were equally an 'Arsenal of Energy', supplying nearly six out of seven barrels consumed by the Allies. Even after net crude imports began rising steadily after the war, our control of spare production capacity enabled us to supply our allies and prevent economically damaging price spikes that would have resulted due to oil supply disruptions associated with Middle East conflicts in 1956 and 1967. But after the energy, geopolitical, and economic convulsions of the 1970s, our confidence in our domestic abundance and control shifted to apprehension about dependence and vulnerability. For the past forty years our foreign and national security policy planning has prioritized preparing against supply interruptions and price spikes, protecting Middle East oil fields from hostile control, and protecting the supply lines between the region and global markets." Statements, letters, and materials submitted for the record include those of the following: Robert McNally, David Gordon, Jamie Webster, and Kirk S. Lippold.

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Date:
2015-06-23
Copyright:
Public Domain
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U.S. Senate Committee on Foreign Relations: http://www.foreign.senate.gov/
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pdf
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