Michael T. Klare is a professor of peace and world security studies at Hampshire College in Amherst, Mass., and the author of Blood and Oil: The Dangers and Consequences of America's Growing Petroleum Dependency.
Because global oil supplies are never likely to be truly abundant again, it would only take one major storm or one major crisis in the Middle East to push crude prices back up near or over $80 a barrel.
Contrary to administration claims, Iran's nuclear program is not the paramount reason to attack the country. Any assessment of Iran's strategic importance to the United States should focus on its huge oil reserves.
Posted on: Sep 16, 2001, Source: Pacific News Service
The terrorist strikes have been called an act of war against the U.S. But they were not mere expressions of anti-American or anti-Western sentiment; they were a major assault in the continuing struggle between the U.S. and its adversaries for control of the Persian Gulf.
Posted on: Jan 3, 2001, Source: Pacific News Service
Growth and prosperity, expansion and new technology, all translate into unprecedented demand on natural resources. Unless international bodies come up with equitable methods for sharing what we have, some particularly bitter contests seem likely.
Posted on: Mar 31, 2000, Source: Pacific News Service
The Clinton administration is asking for $1.6 billion to strengthen Colombia's military. The stated targets are narcotics traffickers and leftist guerrillas, but the real objective is literally out of sight -- buried deep underground in dark, untapped pools of rich oil reserves.