most important for our economy
Submitted by antarchi on September 16, 2007 - 23:31.
It is not that we are frightened of oil being cut off by unfriendly local governments, but the profitability of the oil companies operations and the supply of oil to consumer countries including our own on acceptable terms, is most important for our economy and our balance of payments. This depends in part on the diversity of political control of the main sources of oil (eg if Iraq controlled Kuwait, we might all be held to ransom). This would be especially dangerous for the UK for we draw 60% of our oil requirements from the area.