The Coming Energy Wars: A 21st Century Time Bomb?
Recorded on July 14, 2005
Location: The Heritage Foundation's Allison Auditorium
Oil futures surge past $60 a barrel and continue heading north,
raising the possibility of business recession, or perhaps
stagflation. The Chinese National Offshore Oil Company (CNOOC)
seeks to buy Unocal, topping Chevron's bid, and Congress seethes.
Iran uses climbing oil revenues to fund its drive to acquire a
nuclear arsenal. The international community seems helpless to stop
genocide in Darfur, Sudan, because China blocks referral to the
Security Council. Countries contend over small rockpiles in the
Pacific where there may or may not be commercially exploitable
hydrocarbons. Looking at this combination of events and
circumstances, some have pointed to the 1940s, when Japan's drive
to gain control over energy and raw materials led to war.
Join us as our participants lay out the problems, the
opportunities, and the dangers policymakers confront in addressing
the escalating demand for energy resources in a new century.