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Paideia

Article Title

U.S. Energy Independence

Abstract

While many know the United States is the largest consumer of oil in the world, recently, it has become the biggest producer of the resource as well. Within the next decade it will export more oil than it imports, which will mark a significant change in the global energy market. This paper will investigate and evaluate what changes are to be expected, with a specific focus on OPEC member countries. I will utilize qualitative evidence in the form of three case studies. These case studies will provide detailed discussion and analysis of how energy independence in the United States will lead to financial loss, destabilization, and a decline in the influence of oil exporting countries. I found that if the US continues at its current pace of energy production, OPEC countries will need to adapt to the new international energy market, which will look vastly different in the coming years.

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