Wednesday, March 2, 2011

Will Mideast Strife Spark a 1970s-Style Crisis?

Steve Forbes, Politico
You need to watch only a few minutes of cable news analysis to realize just how ludicrous our national energy policies have become. As escalating tensions and chaos unfold in Egypt, Libya and other Middle Eastern nations, one energy analyst suggested that if Libyan oil supplies were to fail, the United States would rely on Saudi Arabia for its oil needs. If that statement alone doesn't put U.S. leaders on red alert, the looming national energy crisis may soon become reality.

Source: http://www.realclearpolitics.com/2011/03/02/will_mideast_strife_spark_a_1970s-style_crisis_251333.html

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