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Bad News at the Pump: The Dangerous Implications of $100-Plus Oil

By Michael T. Klare, Tomdispatch.com. Posted March 15, 2008.


On March 3, the price of crude reached its highest ever. Are energy costs becoming the decisive factor in the balance of global economic power?
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See more stories tagged with: oil economy, oil prices

Michael T. Klare, the author of Resource Wars (2001) and Blood and Oil (2004), is a professor of Peace and World Security Studies at Hampshire College in Amherst, Mass. His latest book, Rising Powers, Shrinking Planet: The New Geopolitics of Energy, will be published on April 15th by Metropolitan Books.

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