Tyrannical Ramblings, Take 2
by
Todd Irons
June 19th, 2007
Need another reason for America to become less dependent on foreign oil? Read this article by Reuters…
“Iran Says It Won’t Rule Out Using Oil as a Weapon”
This entry was posted on Tuesday, June 19th, 2007 at 11:56 am and is filed under International Environmental News, National Security, Oil and Gas . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 20th, 2007 at 11:34 am
That is an empty threat. They need the money as much as we need the oil. Any sustained drop in the flow of dollars will destabilize most of the oil exporting dictatorships. They might refuse to sell to America, which is also meaningless, so long as the oil gets into the world supply stream. Oil is fungible and they can’t control were it goes once it leaves their borders.
The real risk is that instability or war might cause oil production and shipping facilities to be shut down or damaged. This is a very real and serious risk and is all the motive we need to engage in strict conservation and exploration of all feasible alternatives to foreign oil and gas.