Explainer: The Myth of ‘Energy Independence’
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.’”