Global Security Brief #1: Oil Price Surge Threatens Economic Stability and Natio

One of the central issues facing policy makers in Washington and around the globe in 2005 is the prospect of further instability in world oil markets. This new reality carries both economic and security risks.

Another oil shock could tip the world economy into a premature recession, while the massive flow of oil revenues into the Persian Gulf and Russia threatens to derail economic reforms and foment political unrest.

http://www.worldwatch.org/features/security/briefs/1/