Moniz: US still vulnerable despite improved outlook

11/04/2013
The US still must address natural resources geopolitics despite its oil and gas outlook being dramatically better than it was when the Arab oil embargo began 40 years ago, US Sec. of Energy Ernest J. Moniz said. "Reducing our oil dependence must continue to be a key objective, even as we increase our domestic production," he told an audience in Washington, DC, at the Center for Strategic and International Studies on Oct. 24. DOE intends to continue work on unconventional oil and gas production, biofuels, higher-efficiency and alternative fueled vehicles; compressed natural gas vehicles, global gas market designs, and electric vehicles, Moniz said. He called General Motors' annou...
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