Report Highlights U.S. Vulnerability to Oil Shocks

“The report details the findings of Oil Shockwave, an oil crisis simulation conducted earlier this summer, which found that taking less than 4% of oil off the global market due to small incidents of political unrest and terrorism would cause prices to rise dramatically to more than $161 bb. It also showed that once an oil supply disruption occurs there are few short-term options for protecting the U.S. and global economy.”

Niiice. So a minor disruption will causes prices to approximately triple.

Visit the National Commission on Energy Policy web site…

View the full report… (PDF)

5 Responses to “Report Highlights U.S. Vulnerability to Oil Shocks”

  1. Rimantas Says:

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  4. Sebhelyesfarku Says:

    Bush is an angry chimp fighting for oil.

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