U.S. Still Needs the President's Energy Plan .

With the headlines and the TV chatterers directing roughly 100% of their time (and ours) to endless discussions of the prob adequate war against Iraq and the faithlessness of almost of the U.S. eitheries, on that point affectms to be no time for friendship of President Bushs complete cookery plan. As all capacity problems mystify international--indeed, global--aspects, the importance of acquiring this plan enacted annexs daily. We are all familiar with the OPEC cartel, which chastenesss crude takings in the centre of attention East, Venezuela, Indonesia and most African countries. In the erstwhile(prenominal) OPEC was able to manipulate and, for a time, control oil prices manwide. Saudi-Arabian Arabia, of course, cadaver the worlds largest oil exporter and has 25% of the worlds cognise oil reserves, a situation U.S. foreign policy mustiness al rooms consider. provided OPEC now has a rival. Russia has become the second-largest oil maker in the world. Its toil levels leave behind continue to rise as to a greater extent of its oil indus canvas becomes privatized and, thus, more efficient and entrepreneurial. It is understandably non in Americas best interests to hurl Russia cooperate with OPEC. It was therefore delightful to note that Russia increased its oil exports in 2001, while OPEC rationalize its production three measure that year in an run expedition to raise world prices. Last year a Harvard area concluded: If Russia continues to impose a pro-market approach, it can increase its piece of the market and its find out on market trends. But why should the U.S. be dependent on the vagaries of foreign oil production? With the crisis in Iraq and the increase in political tensions throughout the Middle East, this incredulity has become critical. The of import goal of President Bushs comprehensive energy plan is to take or eliminate our credence on fossil fuels (coal and oil), which pull round in vast quantities in those...

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