In response to reports that two oil tankers have been attacked in the Gulf of Oman, Securing America’s Future Energy (SAFE) President and CEO Robbie Diamond made the following statement:
“These latest attacks remind us of the instability and vulnerability of much of the world’s oil supply. The global nature of the oil market means that disruption anywhere affects prices everywhere–and nowhere is this more true than around the Strait of Hormuz, a chokepoint through which 18.5 million barrels of oil pass each day.
“America’s outsized dependence on oil to power its economy means we are continually exposed to geopolitical risk in the Middle East, from a nation’s instability to a terrorist attack. When incidents like these happen, it is U.S. consumers, businesses and the American military that ultimately bear the brunt, and provides us with a timely reminder that our economic and national security would be bolstered by breaking oil’s monopoly on the American transport system.”
About Securing America’s Future Energy
Securing America’s Future Energy (SAFE) is an action-oriented, nonpartisan organization that aims to reduce America’s dependence on oil. Near-total dependence on petroleum in the transportation sector undermines the nation’s economic and national security, and constrains U.S. foreign policy. To combat these threats, SAFE advocates for expanded domestic production of U.S. oil and gas resources, continued improvements in vehicle fuel efficiency, and transportation sector innovations including electric vehicles, natural gas trucks, and autonomous vehicles. In 2006, SAFE joined with General P.X. Kelley (Ret.), 28th Commandant of the U.S. Marine Corps, and Frederick W. Smith, Chairman, President, and CEO of FedEx Corporation, to form the Energy Security Leadership Council (ESLC), a group of business and former military leaders committed to reducing the United States’ dependence on oil. Today, the ESLC is co-chaired by Frederick W. Smith and General James T. Conway (Ret), 34th Commandant of the U.S. Marine Corps.
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