“Trillions” to defend oil supply

August 9, 2010By Steve KretzmannBlog Post, Separate Oil and State

Since the 1973 Arab oil embargo, successive US administrations have equated national security with access to, and control of, oil – particularly in the Persian Gulf, which holds two-thirds of global oil reserves. In other words, as long as we need oil, we need the Persian Gulf. Faced with this unpleasant fact, every President since … Read More

Lessons of the Gulf

May 3, 2010By Steve KretzmannBlog Post, Separate Oil and State

BP’s Drilling Disaster is quickly unfolding to become one of the world’s worst ever environmental catastrophes. Credible sources already are saying that the volume of oil gushing into the Gulf exceeds the Exxon Valdez, and shockingly, there is no end in sight. As oil continues to gush into the Gulf of Mexico, as fisherman watch … Read More