US to shift from energy dependant to global provider: DOE secretary

17 June 2013 18:30  [Source: ICIS news]

WASHINGTON (ICIS)--The US energy system is experiencing a major shift in attitude, away from the thought of national energy dependence to one of a global energy provider, US Secretary of Energy Ernest Moniz said on Monday.

The substitution of coal for natural gas is a major indicator of the US moving toward being a more secure energy nation, Moniz said during the US Energy Information Administration (EIA) 2013 Energy Conference.

However, US energy security through increased natural gas usage comes with several challenges, including the fact that national infrastructure is vulnerable.

According to the Department of Energy (DOE) secretary, the lack of infrastructure is a security and economic issue that is dependant on appropriate waivers.

Moniz said his department, President Barack Obama and industry associations are working together for more preparedness, particularly after events such as Hurricane Sandy, which devastated the East Coast last year and caused gasoline prices to rise in the region.

The EIA Energy Conference runs through Tuesday.

By: Anna Matherne

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