A policy essay by Jonathan Chanis, SAFE’s Senior Vice President of Policy, argues that the potential for regime instability in Saudi Arabia, or military conflict in the Persian Gulf, is a reminder of the importance of ending U.S. dependence on oil. Any type of conflict in the Persian Gulf endangers global oil supplies, and the impact of a supply disruption would damage the U.S. economy and both business and consumer interests.
The essay adds that the U.S. should hope for the best in Saudi Arabia, but prepare for the worst by redoubling efforts to end America’s petroleum dependence.
