Moniz: U.S. should address energy geopolitics despite better oil, gas production

10/27/2013 | Oil & Gas Journal

The domestic oil and natural gas outlook has changed significantly years after the Arab oil embargo, but the country still needs to resolve energy geopolitics, Energy Secretary Ernest Moniz said. "Reducing our oil dependence must continue to be a key objective, even as we increase our domestic production," Moniz said. Doing so requires harnessing unconventional oil and gas, biofuels and alternative-fueled vehicles, he said.

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