Among today’s many fast-moving changes are the very real prospect of U.S. energy independence, the resurgence of U.S. manufacturing, and the advent of 3D printing. Each brings implications for national-security policy changes and challenges.
Citigroup analysts report that because of hydraulic fracking, the new gas-drilling technology, we are the world’s fastest-growing oil and natural-gas producer. Including the output from Canada and Mexico, North America is becoming the new Middle East. Citigroup suggests that the United States, and perhaps all of North America, may be able to achieve energy independence by 2020.
U.S. oil imports could drop 20 percent by 2025, says the U.S. Energy Information Agency. Investor T. Boone Pickens thinks we can end oil imports from Organization of Petroleum Exporting Countries through new drilling and by shifting diesel-powered trucks to natural gas. Some say the energy supply-and-demand revolution could boost gross domestic product by 2 to 3.3 percent, with ripple effects including U.S. re-industrialization.