Monday, July 05, 2010
Will the Persian Gulf Take up the Slack?
Here is a revealing piece which rightly perceives that troubled waters lie ahead in the Gulf of Mexico, and then says that the Persian Gulf will play a bigger role in providing for global energy security. It may play a bigger role, but can it take up the slack? Now that Saudi Arabia has given its de facto admission that it’s passed peak, the global implications are staggering. Batten down the hatches.