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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (3122)	11/13/2005 4:08:43 AM
From: Wharf Rat	Read Replies (1) of 24206

The petroleum bomb George P. Shultz and R. James Woolsey, Mechanical Engineering Magazine Our nation's dependence on imported oil leaves it dangerously vulnerable to attack. ------------- Four years ago, on the eve of Sept. 11, 2001, the need to reduce radically our reliance on oil was not clear to many and, in any case, the path of doing so seemed a long and difficult one. Today, both assumptions are being undermined by the risks of the post-9/11 world and by technological progress in fuel efficiency and alternative fuels. A single well-designed attack on the petroleum infrastructure in the Middle East could send oil to well over $100 per barrel and devastate the world's economy. That reality, among other risks, and the fact that our current transportation infrastructure is locked in to oil, should be sufficient to convince any objective observer that oil dependence today creates serious and pressing dangers for the United States and other oil-importing nations. Dependence on petroleum and its products for the lion's share of the world's transportation fuel creates special dangers in our time.... George P. Shultz is a former Secretary of State and is currently Distinguished Fellow at the Hoover Institution at Stanford University. R. James Woolsey is a former director of the Central Intelligence Agency and is currently vice president of Booz Allen Hamilton Inc., a management consulting firm based in McLean, Va. This article is adapted from a position paper the authors wrote in their capacity as co-chairmen of the Committee on the Present Danger. (October 2005 issue) Peak oil is mentioned in the article. The complete article from which this text version is drawn is: Oil and Security (801-KB PDF). More is available on the website for Committee on the Present Danger. Jerome a Paris at the liberal Daily Kos comments on this paper in the following entry. memagazine.org

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