How to Weaken the Power of Foreign Oil
By ROBERT C. McFARLANE and R. JAMES WOOLSEY
Published: September 20, 2011
OUR country has just gone through a sober national retrospective on the 9/11 attacks. Apart from the heartfelt honoring of those lost — on that day and since — what seemed most striking is our seeming passivity and indifference toward the well from which our enemies draw their political strength and financial power: the strategic importance of oil, which provides the wherewithal for a generational war against us, as we mutter diplomatic niceties.
Oil’s strategic importance stems from its virtual monopoly as a transportation fuel. Today, 97 percent of all air, sea and land transportation systems in the United States have only one option: petroleum-based products.
While OPEC sits on 79 percent of the world’s conventional oil reserves, it accounts for only one-third of global oil supply. There is, however, a way out of this crisis. Ultimately, electric cars may become the norm, but for the near and middle term, the solution lies in opening the transportation fuel market to competition from sources other than petroleum.
Read the full story here: The New York Times