Page added on June 24, 2005
(Press Release)
The dependence of the U.S. on oil creates serious national security vulnerabilities that, if exploited, could result in widespread economic dislocation and increased global instability, according to former top government officials who gathered today to examine how the nation might manage an oil supply crisis.
The findings of these leading experts comes amid reports of terrorist threats against oil-rich Nigeria, a state-owned Chinese company’s bid for a major U.S. oil firm, and as Congress considers energy legislation that does little to curb U.S. oil dependence.
Yahoo! Finance
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