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US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

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View Poll Results: In the next five years, will the US experience an oil embargo like in 1973?
Yes 2 28.57%
No 1 14.29%
No, but only after responding to extortion and changing a policy 4 57.14%
Voters: 7. You may not vote on this poll

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Old 02-06-2008, 11:38 PM
Chuck Chuck is offline
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US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

Who needs to saber-rattle, when you can shut off the spigot?
http://www.cleanmpg.com/photos/data/501/Saudi_King_at_OPEC_minister_meeting.jpg


Randall Mikkelsen - Reuters - Feb 5, 2008

Assesment is hardly from the fringe, but well inside the Beltway - Ed

WASHINGTON - The United States is worried that Russia, China and OPEC oil-producing countries could use their growing financial clout to advance political goals, the top U.S. spy chief told Congress on Tuesday.

Such economic matters joined terrorism, nuclear proliferation and computer-network vulnerabilities as top U.S. security threats described by National Director of Intelligence Michael McConnell in an annual assessment.

McConnell said U.S. intelligence agencies had "concerns about the financial capabilities of Russia, China and OPEC countries and the potential use of their market access to exert financial leverage to political ends."...[Read More]
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Old 02-07-2008, 12:43 AM
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BailOut BailOut is offline
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Re: US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

So it's totally acceptable that we use military force as leverage to political ends, but it's not alright when others exert financial leverage for the same reason?

How arrogant we are.
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Old 02-07-2008, 07:42 AM
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Re: US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

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Originally Posted by BailOut View Post

How arrogant we are.
Our arrogance displays itself in our choice of vehicles. SUV's and pickup trucks, gas hogs, are more than half of all new vehicles sold. Our government is arrogant to put up with this, knowing full well that we are dependent of foreign oil, and that is giving us political and economic problems. These problems are conspiring to lower the value of the dollar, which will cause even higher oil prices. And the tyical Joe six-pack thinks he is being patriotic by putting a large flag graphic on the back window of his 4X4. That's arrogance based on ignorance.

Harry
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Old 02-07-2008, 08:33 AM
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PaleMelanesian PaleMelanesian is offline
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Re: US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

Is this a surprise to anyone? They ONLY reason some of these people tolerate us is that we keep sending $$$ to them. This and my back pocket are the reasons I hypermile. The less we send to them, the less leverage they have on us.
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Old 02-07-2008, 09:29 AM
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Re: US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

As the years roll on, never forget.........

Cost of Iraq War = Free PHEV Conversion for every American family
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Old 02-07-2008, 12:18 PM
Robert Lastick Robert Lastick is offline
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Re: US Spy Chief: Russia, China, OPEC Could Use Oil as a Financial Weapon

Quote:
Originally Posted by PaleMelanesian View Post
Is this a surprise to anyone? They ONLY reason some of these people tolerate us is that we keep sending $$$ to them. This and my back pocket are the reasons I hypermile. The less we send to them, the less leverage they have on us.
Amen, brother Andrew, Amen!

I, like you, hypermile because hypermiling is morally the correct thing to do, given our country, and the worlds circumstances. My back pocket wholeheartedly agrees with my moral inclination.

I further suggest an "arrogance abatement" tax. People who buy low MPG vehicles (under 35 MPG) should pay a substantial annual license tax for their "constitutional right" to have and use it at our countries (and the worlds) expense. Proceeds from that tax should go directly to help all Americans buying high MPG vehicles (35 MPG or higher) in the form of a rebate.

Doing something like this would turn around our current direction quickly. It would also turn around the big 3's irresponsible direction, very quickly. We need it to happen quickly!
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