April 28, 2007
INVESTOR’S BUSINESS DAILY notes recent Al Qaeda attacks on Saudi oil infrastructure and observes: “Perhaps the most devastating attack Osama bin Laden could deliver on America wouldn’t be in America. It would be in Saudi Arabia, on its oil supply. Saudi Arabia is the world’s top oil exporter, and Osama has called for attacks on its refineries and pipelines expressly to cripple our economy.”
In the short term, expanding the Strategic Petroleum Reserve will help. In the longer term, less dependence on imported oil would help more.
UPDATE: Well, here’s a report that Colorado oil shale is back in play. Better to move away from fossil fuels as much as possible, but the ones we use should probably be domestic.