for 1973 OPEC oil embargo
When Saudi Arabia threatens to weaponize its oil production, the U.S. cannot afford to brush off this warning by overestimating the potential of shale to cover the shortfalls.
Saudi Arabia's veiled threat to leverage its oil production, in response to widespread outrage over the fate of Jamal Khashoggi, serves as a reminder of the kingdom's power over the global economy.
Dealing with the country’s energy security vulnerabilities requires sustained and targeted involvement by the federal government. The SPR plays an important role in insulating the U.S. economy from a volatile and unpredictable global oil market
Meg Jacobs, a Research Scholar in the Woodrow Wilson School at Princeton University, spoke with The Fuse about her new book, "Panic at the Pump," which explores why the U.S. government has failed to put together long-term energy solutions.
Much has changed since the 1973 embargo brought the U.S. economy to its knees. But our dependence on oil as a single transportation fuel remains the same.