How to Escape the Oil Trap
http://www.msnbc.msn.com/id/9024768/site/newsweek/
Both Iran and Saudi Arabia are now awash in oil money, and no matter
what the controls, some is surely getting to unsavory groups.
By Fareed Zakaria
Newsweek
Aug. 29 - Sept. 5, 2005 issue - If I could change one thing about
American foreign policy, what would it be? The answer is easy, but it's
not something most of us think of as foreign policy. I would adopt a
serious national program geared toward energy efficiency and
independence. Reducing our dependence on oil would be the single
greatest multiplier of American power in the world. I leave it to
economists to sort out what expensive oil does to America's growth and
inflation prospects. What is less often noticed is how crippling this
situation is for American foreign policy. "Everything we're trying to
do in the world is made much more difficult in the current environment
of rising oil prices," says Michael Mandelbaum, author of "The Ideas
That Conquered the World." Consider:
Fareed Zakaria
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