Worldwatch Institute: Oil Price Surge threatens Economic Stability and National Security
Washington, DC—One of the central issues facing policy makers in
Washington and around the globe in 2005 is the prospect of further
instability in world oil markets. This new reality carries both
economic and security risks. Another oil shock could tip the world
economy into a premature recession, while the massive flow of oil
revenues into the Persian Gulf and Russia threatens to derail
economic reforms and foment political unrest.
December 16, 2004