Uncommon Knowledge Interview with Hanson and Berkowitz (Part Two)

Peter Berkowitz: …this is not just a matter of how much money they accumulate and our dependence on their nearly 25% of the world’s proven oil reserves.  The international economy grinds to a halt if the flow of Saudi oil stops.  That means China, that means India, that means Japan, that means Europe.  It’s not because 17% or so of our energy comes from there.  It’s because Saudi Arabia holds the world hostage.