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How to Break Both Oil’s Monopoly and OPEC’s Cartel

How to Break Both Oil’s Monopoly and OPEC’s Cartel

Full Title:  How to Break Both Oil’s Monopoly and OPEC’s Cartel
Author(s):  R. James Woolsey and Anne Korin
Publisher(s):  IAGS
Publication Date: January 1, 2008
Full Text: Download Resource
Description (excerpt):

Deeply embroiled in a struggle against radical Islam, nuclear proliferation, and totalitarianism, the U.S. faces a crude reality: Saudi Arabia and Iran, the same Sunni and Shi‘ite theocratic and dictatorial regimes that most strongly resist America’s efforts to bring democracy and the rule of law to the Middle East, will increasingly sit in the driver’s seat of the global economy. As the leading countries of OPEC they are in more of a position each year to thwart each and every U.S. foreign policy priority. Should the world’s biggest natural gas reserve holders—in order Russia, Iran, Qatar, Saudi Arabia and UAE—proceed with plans to create an OPEC like natural gas cartel, we can expect a further consolidation of power amongst the world’s pri- mary energy producers.

 

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