Audio: Energy Security 40 Years after the Embargo
- Oct 25, 2013
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The CSIS Energy and National Security Program hosted Dr. Ernest Moniz, U.S. Secretary of Energy, to reflect on energy technology and policy changes on the anniversary of the Arab Oil Embargo. The embargo dramatically impacted energy policy developments in the U.S. and elsewhere, spurring investments in energy efficiency and alternative fuels, the creation of the SPR, the establishment of the IEA, and the creation of the Department of Energy. It also put in place a framework for viewing U.S. oil and gas resources as one of scarcity and energy imports as being inevitable. With new unconventional resource development in the United States, however, the framework is shifting to one of abundance.
As United States Secretary of Energy, Dr. Ernest Moniz is tasked with implementing critical Department of Energy missions in support of President Obama’s goals of growing the economy, enhancing security and protecting the environment. Dr. John J. Hamre, President, CEO, and Pritzker Chair at CSIS, provided introductory remarks.Programs