Posted by
Boris Tiraspolsky on Thursday, May 22, 2008 1:31:00 AM
"... the impact of oil dependence on terrorism extends beyond the financial windfall it entails for terrorist groups and the ideology that drives them: terrorists also understand that our oil dependence is our greatest strategic vulnerability."
The High Cost of Oil Dependence![]()
By Daveed Gartenstein-Ross
With the price of oil over $125 a barrel and U.S. gasoline prices hovering around $4 a gallon, our nation’s energy dependence has been a top news headline. Although the economic effect of these surging prices has been most prominent, the high cost of oil dependence extends far beyond that. As former CIA director R. James Woolsey and
Institute for the Analysis of Global Security co-director Anne Korin
have noted, our oil dependence means that we are essentially “paying for both sides in the War on Terror.” The vulnerability of our energy supply to a terrorist attack also creates an obvious Achilles’ heel. And other visible problems that the world is currently confronting, such as rising food prices, are intimately linked to the skyrocketing price of oil.
Continued...