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Former Defense officials warn of potential oil price spike

Could a series of small oil supply disruptions send oil prices into the stratosphere? Former Defense Department and CIA officials say that might be the case, according to their predictions about tight world energy markets.

What kind of events would cause oil prices to hit $100 per barrel? Does the energy bill address this problem at all? And how will a proposed Chinese takeover of Unocal affect the United States?

Jason Grumet, executive director of the National Commission on Energy Policy, discusses how security experts are answering these questions.

Editorial Notes: A 20:33 minute piece, appearing on the June 30 edition of "On Point." There's also a "Focus On" segment devoted to the China oil deal. Energy and Environment Television (E&ETV) seems to be a neutral source of information. They bill themselves as "The Premier Information Source for Professionals Who Track Environmental and Energy Policy." From their website:
Every day E&ETV broadcasts interviews with top people from the environmental and energy policy world, delivering up-to-the-minute news from Capitol Hill and hosting panel discussions among key players with opposing views on major issues.
Update July 1 The editorial director of E&ETV says in a message:
E&E Publishing is a non-partisan publishing company in Washington, DC that runs several subscription news services, Greenwire and Environment & Energy Daily. We track environmental and energy policy in Congress, the courts and state governments. While the publications are subscription based, our television webcasts are free for all to view. Some of our webcasts I think will be of great interest to your readers. If it's alright with your editorial team, I'll just post a link to our show when it seems like it would be something of interest to your audience. Alternatively, we have an RSS feed providing information on our latest offerings.
-BA

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