Explainer: The Myth of ‘Energy Independence’

Berkeley Haas Newsroom

Andrew Campbell, Executive Director, discusses with the Berkeley Haas Newsroom the rapid rise in gas prices following Russia’s invasion of Ukraine.

“”Energy independence’ is a political slogan, not an economic or technical concept with a clear definition,’ Campbell said in a recent interview for Reuters Fact Check. ‘I understand that politicians use the term ‘energy independence’ to imply that a country is insulated from global energy markets. However, this is rarely the case.’”

Photo: iStock.com