Even together, better fuel economy and more drilling are not enough

A recent expert roundup at the Council of Foreign Relations website took on the issue of “How to handle oil price volatility.” The arguments presented all center on the most typical responses to the many manifestations of our “oil problem.” These can be summarized as “conserve/improve fuel economy” and “drill more.” Unfortunately, neither of these proposed solutions can address the scale of the problem. Even together they are insufficient to meet the challenge.

The only meaningful way to reduce volatility is to reduce the influence that oil has over our transportation system. To do that, we must diversify our fuel options, and not just a little. We need to take meaningful action to exploit scalable and abundant U.S. domestic fuel supplies that can replace a substantial portion of the gasoline (and by extension oil) we use today. Opening the fuel market to wholly domestic substitutes can not only provide a buffer against resource and price volatility, but also keep our hard-earned dollars in the U.S., improve the air we breathe, and reduce the price at the pump. For Americans, that’s an all-around good deal.

About Robin Vercruse

Robin's professional background spans a variety of roles and responsibilities, primarily in entrepreneurial organizations. Her diverse experience in both commercial and non-profit includes administration, marketing, event management, product and program management, and analytics. Robin also has a Master’s degree from UC Santa Barbara's Bren School of Environmental Science and Management, with a specialty in energy and climate change policy. After helping to establish and grow the Fuel Freedom Foundation’s operating structure and procedures, Robin is now managing the Foundation’s policy and research programs to promote a major shift to non-petroleum-based transportation fuels.