Beyond the risks inherent in drilling four miles beneath the surface of the Earth, our dependence on oil means that we will continue to send billions of dollars of our hard-earned wealth to other countries every month – including many in dangerous and unstable regions.
In other words, our continued dependence on fossil fuels will jeopardise our national security. It will smother our planet. And it will continue to put our economy and our environment at risk.
Of course, almost every President going back to at least the 1970s has argued that the United States should move in such a direction. Hopefully, this time the message will be backed up by some strong policy actions.
If the Obama administration doesn’t manage to pass a climate bill before the mid-term elections, and if those elections then go badly for the Democrats, the chances for any meaningful climate change policy reform during Obama’s first term may be slim.