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.
Sign up to the Human Events newsletter