With oil prices some three times higher than a decade ago, and access to more than half of the petroleum reserves on the planet beneath nations vulnerable to the whims of Islamic fundamentalists, it's understandable that Americans want Washington to free them of dependence on foreign energy. Understandable -- but misguided. The goal of energy independence is simply an illusion in an age of global interdependence. The goal of U.S. energy security through diversification is not.
Start with a reality check. In 1974, when President Nixon first called for energy independence, America was importing about six million barrels of oil ...
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