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?

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

From this Episode:

Credits

Host:

Jim Sterngold

Producers:

Christian Bordal, Sonya Geis