US foreign-oil dependence a national security risk – consultant

23 February 2012 20:44  [Source: ICIS news]

ORLANDO, Florida--Dependence on foreign oil is the top threat to US national security, a consultant said on Thursday.

"Clearly, foreign oil independence has not gotten the attention it deserves as a national security risk in Washington [DC]," said James Canton, the chief executive of the US-based Institute for Global Futures.

He made his comments during the keynote address of the National Ethanol Conference in Orlando, Florida.

"Clearly biofuels are the future," he added.

Canton said there is no other alternative energy source that has the scale needed to replace foreign energy than domestic ethanol and other biofuels.

Additionally, he said by 2020 this will be an energy-deprived world.

The Institute for Global Futures consults trade groups, companies and governments about future trends.

By: Bobbie Clark
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