Regional
4:53 pm
Mon September 23, 2013

2013 Domenici Conference: Guy Caruso On Energy

No matter how many barrels of oil are stored or millions of kilowatts of electricity generated, there’s one thing that never seems to run empty…

“Conflict...The fuels and the policies that’s made energy policy so difficult," said Guy Caruso, aadministrator for Energy Information Administration at the U.S. Department of Energy from 2002-08.

I’m here with Guy Caruso. He worked for the U.S. Department of Energy from 2002 to 2008.

“This whole changing geopolitical picture…you could wind up with conflict that is indirectly affected by oil or gas, but it’s most likely going to be over power.”

When Caruso worked at the department of energy in the early 2000’s, those were the early days when China became a net importer of oil

“The administrations that I was involved with…engagement because…it soon will be t he largest importer of oil in the world.”

According to Caruso, the U.S. is becoming one of several major energy players – not the only one anymore. The choice politicians now face, he says, is whether to embrace that…or to try and change it.

“It looks now like we have abundant resources…what does that mean for our foreign policy and national security.”