Greenspan testifies on oil dependence and economic risk

This video is very long and very “dry” – however it is a “must see” if you have the patience. Former US Fed chairman, Alan Greenspan, covers many aspects of the US energy situation.

Now that he is retired he seems to be prepared to come out with some hard truths.I came away feeling that he is trying to give out a very stong warning about an increasingly unpleasant future … in his own way.

However take a look and make up your own mind …

Alan Greenspan’s prepared remarks appear below. However, they only constitute a small portion of his testimony which runs to almost three hours.

Energy Bulletin