Is America's Thirst for Imported Oil Fueling Dictators?
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Oil prices are hovering near $100 a barrel, hurting U.S. consumers but
sending hundreds of billions of dollars to unfriendly countries like
Venezuela and Iran. How is the U.S. economy coping? Can the U.S. ever
cut its oil dependence?
Photo from L-R: Venezuelan President Hugo Chavez, Iranian President Mahmoud Ahmadinejad and Saudi King Abdullah bin Abdul Aziz al-Saud attend the OPEC meeting in Riyadh, 17 November 2007
Photo Credit: Hassan Ammar/AFP/Getty Images
A decade ago, oil prices hovered near $20 a barrel and national
security experts talked about missiles not pipelines. But the war in
Iraq, instability in the Middle East and soaring energy demand have
made oil an unsettling global issue. Today, as the US finds itself
competing with China to lock up new oil supplies, oil prices hover near
$100 a barrel,
hurting US consumers but sending hundreds of billions of dollars to
Venezuela and Iran, which have become major irritants to Washington.
How is this flood of petro-dollars affecting American security? How is
the US economy coping? Can the US ever cut its oil dependence? How have
surging oil prices rearranged global politics?
- Anne Korin: Co-Director, Institute for the Analysis of Global Security
- Aaron Friedberg: Professor of Politics and International Affairs, Princeton University
- Kenneth Rogoff: Professor of Economics, Harvard University
- Philip Verleger: independent petroleum economist
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UnderwritersWhich Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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