Protecting “The Prize”: Oil and the U.S. National Interest

@article{Gholz2010ProtectingP,
  title={Protecting “The Prize”: Oil and the U.S. National Interest},
  author={E. Gholz and Daryl G. Press},
  journal={Security Studies},
  year={2010},
  volume={19},
  pages={453 - 485}
}
American national security policy is based on a misunderstanding about U.S. oil interests. Although oil is a vital commodity, potential supply disruptions are less worrisome than scholars, politicians, and pundits presume. This article identifies four adaptive mechanisms that together can compensate for almost all oil shocks, meaning that continuous supply to consumers will limit scarcity-induced price increases. The adaptive mechanisms are not particularly fragile and do not require tremendous… Expand
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