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December 26, 2006
8:10:AM ET
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By Tom Waterman
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New York, NY December 26, 2006 8:10 AM ET
Johns Hopkins researcher Roger J. Stern argued in a paper he authored in January, 2006 that U.S. policy in the Middle East, which is driven by fears of the "oil weapon" are baseless. He argues that the decades-old belief that petroleum-rich Persian Gulf nations must be appeased to keep oil flowing is imaginary, and the threat of deployment of an "oil weapon" is toothless. His review of economic and historical data also shows that untapped oil supplies are abundant,.......
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