Spiking gas prices have exposed, once again, the risk posed by America’s continued overdependence on oil for automobile transportation. The current crisis is a reminder that, irrespective of domestic production levels, oil prices are set in a global market – a market vulnerable to geo-political shocks and, in particular, manipulation by the Organization of Petroleum Exporting Countries (OPEC). Legislation being advanced in the Congress now provides an opportunity to do what should have been done long ago: curbing OPEC’s ability to manipulate oil markets in ways that empower rogue regimes and harm Americans, writes General Michael Hagee, the 33rd Commandant of the U.S. Marine Corps and a member of SAFE’s Energy Security Leadership Council. Read more via the Houston Chronicle here.
Saying No to the Oil Cartel
