The US consumes more oil than any country in the world. Iraq produces more of it than any other nation except Saudi Arabia. Yet, despite fears that a US attack on Iraq might endanger oil supplies, OPEC decided not to increase production at its meeting today in Osaka, Japan. How would Saddam Hussein respond it the US were to attack? If he were overthrown, what would happen to control of the world-s markets? How would that shift of power impact consumers? As oil prices fluctuate and prospects for war rise and fall, we consider the politics and price of foreign oil with policy directors and consultants to the American petroleum industry, and a former executive of British Petroleum.
This segment, guest hosted by Jeffrey Kaye of public television-s NewsHour with Jim Lehrer
, is an abbreviated version of To the Point
, broadcast earlier today.
- Newsmaker: Loans and Lobbying in Governor-s Race
Republican Bill Simon has rejuvenated his gubernatorial campaign with a personal loan for $ 4-million. Meanwhile, activists are urging Democrat Gray Davis to return a $ 25-thousand campaign check from Mercury Insurance, which is lobbying the Governor to sign a bill that would benefit its business. Dion Nissenbaum, political reporter for the San Jose Mercury-News, has more on campaign financing and special interest bills.
International Energy Forum
US Strategic Petroleum Reserves
The NewsHour with Jim Lehrer