Every now and then, the Iranian regime threatens to close the Strait of Hormuz or some al-Qaeda activist comes close to bombing a major oil facility, and pundits spring up and point out the cost of American reliance on foreign oil, only to be forgotten when the news cycle moves on. The fact that American politicians focus so little on energy security is nothing short of policy malpractice. The Chinese have made energy security their primary strategic ambition and have reaped the benefits. The issue for the United States is not simply jobs—although creating productive, private sector jobs should be the goal of any government—but rather national and economic security.
Enter “Securing America’s Future Energy” (SAFE). Co-chaired by General P.X. Kelley, the former commandant of the U.S. Marine Corps, and Frederick Smith, chairman, president, and CEO of FedEx, the organization has assembled a marquee list of top military brass and CEOs, who together make the case that energy security is not only an economic issue, but a national security matter as well. Together, the business and military experts discuss energy issues with greater fluency and depth than politicians of both parties. This is reflected in SAFE’s new report, “The New American Oil Boom,” released yesterday. Because of government regulation, the oil boom may not be as pronounced as it might be but, even so, the United States last year became a net exporter of refined petroleum products for the first time since 1949.