Friday, June 13, 2008

Tomgram: Michael Klare, The Pentagon as Energy Insecurity Inc.

If you thought things were bad, with a barrel of crude oil at $136 and the oil heartlands of our planet verging on chaos, don't be surprised, but you may still have something to look forward to. Alexei Miller, chairman of Russia's vast state-owned energy monopoly, Gazprom, just suggested that, within 18 months, that same barrel could be selling for a nifty $250. Put that in your tank and… well, don't drive it. It will be far too valuable.

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