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Karen Harbert [globalenergy@uschamber.com] 6/20 /2 0 1 8 3:09:06 PM Palich, Christian [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=330ad62el58d43af93fcbbece930d21a-Palich, Chr] America Rises to the Top -T h anks to Energy
How Energy Security is Changing in Today's Global Energy Market
Dear Christian:
Today, the Global Energy Institute (GEI) released our 2018 edition of the international index of Energy Security Risk which features a Foreword by U.S. Energy Secretary Rick Perry, who as the former governor of Texas knows a thing or two about energy.
Key Takeaways
The United States has the second best energy security of the world's largest energy consuming countries. The big news is how much progress the United States has made in a short period of time. Considering that the United States was ranked 9th as recently as
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2008, this is a truly remarkable run up the table in just eight years. 2008 is about the time the U.S. shale revolution kicked into high gear, and we've been reaping the energy, economic, and geopolitical benefits ever since. This year's index also confirms that the world's center of energy power has shifted to North America. With the U.S., Canada and Mexico all ranked in the top 7, North America has become an energy powerhouse shifting the world's energy center of gravity away from the Middle East.
Interactive Tool The Index uses 29 metrics of energy security risks to assess energy security for a group of 25 countries that account for about 80% of global energy demand from 1980 to 2016. Index scores also are calculated for 50 other countries and are available using our International Index tool. This year's edition contains even more detail than in the past. In addition to ranking countries by their overall security score, we also rank by individual metrics including energy efficiency, price and market volatility, and fuel import exposure. As to the dramatic change in America's energy security posture the report documents, we can't say it any better than Secretary Perry, who noted: "There never was a shortage of energy, only a shortage of imagination and a loss of confidence in a nation's ability to innovate." As the Index demonstrates - not anymore! Sincerely,
Karen Harbert President and CEO Global Energy institute U.S. Chamber of Commerce
P.S. Please join us at the U.S. Chamber of Commerce on Thursday, June 21st, as we host a panel discussion on the 2018 Index featuring notable embassy representatives from Mexico, Japan, the United Kingdom, Canada and other countries highlighted in this year's edition. The roundtable discussion will take place from 3:30 - 5:00 PM. Please contact Kara Conrad at kconrad@uschamber.com with any questions.
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Chamber of Commerce of the United States of America.
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