Foreign oil disruption seen as “likely” in next ten years says Sen. Voinovich
Sen. George Voinovich (R-Ohio.) believes that America is at a high national security risk. Voinovich cited that due to high energy costs and relationships with foreign governments America is reliant on countries that wish the Unted States harm. In addition, Voinovich commented that according to the Stanford University Modeling Forum the odds of a foreign oil disruption happening over the next ten years are slightly higher than 80 percent. If global production were reduced by more than 2.1 percent that would have a serious effect on oil prices and our economy. This would be more so than Hurricanes Katrina, Rita and the September 11, 2001 terrorist attacks. (0:49)
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July 31, 2008
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