Energy expert urges US independence, says security must be ‘back on the agenda’

S&P Global Vice Chairman Daniel Yergin says America has taken for granted 'the big revolution' in energy independence.

"I think there's obviously a problem of under-investment on a global basis when you look at the economic growth that's ahead," Yergin said. "Right now, the oil market is well supplied, probably oversupplied, and that reflects weakening economic activity around the world. And the fact that China has been out of the game - but when China comes back, I think we're going to see a tighter market.", four cents more than last week and 17 cents more than a month ago.

Yergin further expressed that energy security is national security, and cautioned the U.S. isn’t tapping into its full potential.

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