Energy sector said on verge of chaos
May 22, 2012 | 10:03 AM
| Corinna Petry
Tags
John Hofmeister,
Citizens for Affordable Energy,
AISI,
American Iron and Steel Institute,
Metal Service Center Institute,
oil,
energy system,
Corinna Petry
CAMBRIDGE, Md. – The nation’s energy system is "just short of chaos" and the United States could be a mere three years away from gas lines if something doesn’t change, according to John Hofmeister, founder and chief executive officer of Citizens for Affordable Energy.
"We have transferred wealth and fortunes out of the United States to build the economies of numerous countries due to a decision not to extract crude oil domestically and instead export the risk," he said Monday at the joint annual meeting of the American Iron and Steel Institute and Metal Service Center Institute, adding that he wants to see the United States produce 10 million barrels of crude oil per day like it did....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here