Energy sector said on verge of chaos
May 22, 2012 | 10:03 AM
| Corinna Petry
CAMBRIDGE, Md. The nations energy system is "just short of chaos" and the United States could be a mere three years away from gas lines if something doesnt 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....
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