Oil as weapon...

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Czechs See Oil Flow Fall and Suspect Russian Ire on Missile System
Moscow - Three days after the Czech Republic signed an agreement with the United States to host a tracking radar for an antiballistic missile system that Russia vehemently opposes, the authorities in Prague said the flow of Russian oil to their country was beginning to dwindle...
[and Europe is rushing to place itself behind the same eight-ball]
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Venezuela To Cut US Oil Flow If Exxon Hurts PdVSA - Chavez
Venezuelan President Hugo Chavez threatened Sunday to stop oil shipments to the U.S. if Exxon Mobil Corp. (XOM) succeeds again in freezing the financial accounts of Petroleos de Venezuela SA overseas. "If they freeze us, there's no more oil for the United States, and the price of crude will go to $300 a barrel," Chavez said as he addressed the V PetroCaribe summit...
[ it's about national security - we need start drilling now.]
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Obama: Oil price is among most dangerous weapons
“The price of a barrel of oil is now one of the most dangerous weapons in the world,” Obama said in remarks prepared for a speech in Ohio. “Tyrants from Caracas to Tehran use it to prop up their regimes, intimidate the international community and hold us hostage to a market that is subject to their whims.” [why is it subject to 'their' whims?]

Obama used Iran as an example to illustrate his point, saying that, if the country decided to blockade the Strait of Hormuz, oil prices could double to $300-a-barrel and the price of a gallon of gasoline could triple in the U.S. to $12.

“The challenge we face from our energy dependence is great. Meeting it will take time, and it will not be easy,” Obama concluded. “But if we’re willing to work at it, and invest in it, and sacrifice for it; if we’re willing to summon the same spirit of optimism and possibility that has defined this country’s greatest progress, then I believe that we too will be able to do it if we really try."

[unbelievable. take time, not easy, invest, sacrifice - who believes this drivel? These words are only applicable to how government would go about it. Industry considers it easy, will get results fast on their investments {their money, not yours}. No sacrifice required {that's is what we're doing now}.]
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