The debate rages over the role of market speculators for the spike in crude prices, Middle East Online reports. While high demand prompts the need for greater refining capacity, some blame oil futures for the current $140 a barrel price.
To free America from oil, Anne Korin of the Institute for the Analysis of Global Security, asserts that it’s time for “Thinking Outside of the Barrel” in the pages of the newest inFOCUS Quarterly.
As Americans continue to feel pain at the pump, I argue in a separate inFOCUS piece that the Gulf Arab regimes are failing to invest in their future. Indeed, our cash wont enrich these desert kingdoms for the long-term.