Oil – The indispensable resource, by Brij Khindaria
What would truly be a nightmare for our quickly globalizing world economy? Most likely, successful terrorist attacks on major Saudi oil fields that send crude oil prices through the roof. That would greatly impoverish the developing world, destabilize world trade and financial systems, and possibly trigger an economic recession. Serious, perhaps irretrievable, damage would occur to global peace, security and prosperity. Emboldened by success, terrorists might conduct more bloody attacks against innocent civilians to overthrow governments and seize political…
