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December 8, 2004 09:54 AM

A Plan For U.S. Energy Security?


Excerpt: The United States must diversify its global oil supplies, expand a world network of strategic petroleum reserves and raise fuel efficiency standards to ensure its energy security, a panel of experts will recommend Wednesday.


The United States must diversify its global oil supplies, expand a world network of strategic petroleum reserves and raise fuel efficiency standards to ensure its energy security, a panel of experts will recommend Wednesday.

These are some of the findings from the National Commission on Energy Policy, a bipartisan group of energy experts, company executives and government officials, that will be released in Washington to attack major long-term energy challenges.

The recommendations could be used next year by lawmakers in the new Congress who will try to approve a bill to overhaul U.S. energy policy.

"Recent developments in world oil markets, including rapid growth in global demand and the emergence of terrorist threats to oil facilities, are bringing new urgency to perennial concerns about the nation's exposure to oil price shocks and supply disruptions," the panel's report said.

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Fed Raises Interest Rates for 5th Time This Year (December 17, 2004)
The Federal Reserve raised short-term interest rates today for the fifth time this year, and it suggested that more rate increases are in order in the months ahead. As widely expected, the central bank raised the federal funds rate on overnight loans by a quarter-point ...
OPEC Considers Output Cut to Keep Prices From Falling (December 09, 2004)
After producing close to full capacity for several months in a bid to drive crude oil prices down from record levels, OPEC ministers are considering curbing their production and taking some oil off the market to prevent a slump in prices as demand slows next ...
Fed Heading For A Pause (December 07, 2004)
No, not next week, but maybe in February the Federal Reserve will decide to pause and hold interest rates steady. The statement will tell the tale. While the economy continues to expand, it's doing so unevenly. For every strong statistic that's released nowadays, there's one ...
Social Security Reform = New Debt (December 06, 2004)
The White House said Monday for the first time that President Bush's plan to add personal retirement accounts to Social Security would be financed in part by new government borrowing. Bush has made reform of the U.S. retirement program a top priority in his second ...

Read all 21 posts in the same category of Economy:

U.S. Quiet on China Trade Tax - Dec 17, 2004
Fed Raises Interest Rates for 5th Time This Year - Dec 17, 2004
OPEC Considers Output Cut to Keep Prices From Falling - Dec 09, 2004
Fed Heading For A Pause - Dec 07, 2004
Social Security Reform = New Debt - Dec 06, 2004
Fed Sees Growth, Measured Rate Hikes - Dec 05, 2004
Weak Employment Rport Casts Doubts Over US Economic Strength - Dec 05, 2004
Fed: Inflation Not Setting Off Alarms - Dec 05, 2004
Balancing Act On The Buck - Dec 04, 2004
Job Growth Is Well Below Wall Street Forecasts - Dec 03, 2004
Fed Reports Growth In 11 Of 12 Regions - Dec 02, 2004
Inflation Under Control, Fed Gov. Says - Dec 02, 2004
Global Forecasts for 2005 Growth Are Reduced - Nov 30, 2004
Borrowing For Social Security Plan? - Nov 28, 2004
No Longer Top Dollar? - Nov 26, 2004
Don't Worry ... Don't Be Happy - Nov 26, 2004
Is Another Recession Brewing? - Nov 25, 2004
Inflation Is Tame, Right? - Nov 24, 2004
The Dollar Is Down, But Should Anyone Care? - Nov 21, 2004
Bush Sets Plans To Revamp Taxes, Social Security - Nov 04, 2004