3 chapters across the catalog
A New York Times analysis compares the current global energy situation to the 1973 oil shock following the Yom Kippur War. The discussion focuses on the shift from Western control of oil production to a more disorderly era where countries must compete for remaining fossil fuel reserves.
A look back at January 2012 highlights the media-driven fear that Iran would close the Strait of Hormuz, potentially crippling the global oil supply. Judith Miller is featured warning of an escalation into full-blown military conflict. The hosts dismiss these past alarms as "bullcrap" designed to keep the public agitated.
Energy Price Increases and Canadian Oil Dependence
The hosts discuss how cap and trade legislation is designed to intentionally increase energy prices, a goal previously acknowledged by President Obama. Kenneth Green's testimony highlighted that low carbon fuel standards could prohibit oil imports from Canada, the United States' largest foreign supplier. The discussion notes the irony of targeting Canadian oil while claiming to seek energy independence.
