Is the lack of a U.S. alternative energy policy strengthening Russia, Iran?
Posted by: admin in Stocks Money News
Filed under: International markets, Russia, Middle East, Politics, Commodities, Oil
There are times when you need an archive of information and evidence to make an argument.
Then there are times when one simple fact or incident makes the case by itself. (Which, incidentally, may very well be the genesis of the adage “A picture says a thousand words.”)
Evidence item of consequence: a lunch that global trade consultant Edward Goldberg, a colleague of New York Times columnist Thomas Friedman, had with a Russian trade attaché.
The Russian trade attaché, Friedman relates, years ago was delighted to hear from Goldberg that the Bush administration wanted to drill for oil in the Alaskan wilderness. The reason? The amount of oil derived would be negligible in terms of the U.S.’s needs, and it signaled that the Bush Administration was not planning to do anything to establish an alternative energy program, “which of course would threaten the economic growth of Russia.”
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