Energy independence — the subject of this month's Minnesota International Center's "Great Decisions" dialogue — has long been a bipartisan national objective. The energy revolution, driven in part by transformative technologies like fracking, has moved the country closer to that goal than it has been in generations. And soon the United States will be the world's largest producer of liquid petroleum, according to an International Energy Agency analysis reported in the Financial Times.
So why doesn't if feel like it?
Why, in a January Pew poll, were only 48 percent of Americans aware of increasing domestic energy production?
The answer — just like the oil market itself — is complex.
"Oil is a fungible, globally traded commodity," said Elizabeth Wilson, associate professor of energy and environmental policy and law at the University of Minnesota's Humphrey School of Public Affairs. That fact helps explain why the increase in domestic drilling doesn't necessarily mean an immediate decrease at the pump — the one place people might consistently consider energy issues.
Wilson acknowledges that the rise in North American production has "huge implications" for U.S. energy security. But, she adds, overall demand is driven by development in Asia and other parts of the world with more dynamic economies.
Beyond global markets, geopolitics might be a factor in the subdued public reaction. The oil boom "represents a somewhat surprising, dramatic shift in our energy situation," said Tom Hanson, a former Foreign Service officer who is now diplomat in residence at the University of Minnesota Duluth. Hanson, who will speak at a Great Decisions Conference on Energy Independence on Friday, said that drilling in the Midwest won't keep us out of the Mideast.
"Becoming less dependent on oil won't necessarily extricate us from that region, because there are other reasons why we are involved there," Hanson said, citing ISIL and other terror threats, as well as America's strong bond with Israel. "And the other spinoff is the energy factor is important to our allies in the region. Even as we become less dependent, it is still in the context of our alliance with the Europeans and Japan." That context, Hanson said, was a "reality check" on the Obama administration's planned pivot to Asia.