Senate Report: Global Oil Production Outages Point to Political Unrest

Posted October 28, 2014 at 9:14am

Fuel Fix reports that “oil production around the globe is a canary in the coal mine, with major disruptions providing a strategic warning about growing instability and persistent violence around the world, according to a new report .”  

“While oil supply interruptions can be traced to natural disasters, production problems and other relatively benign causes, in many cases they ‘reflect growing or at least ongoing turmoil,’ says the paper, issued by Republicans on the Senate Energy and Natural Resources Committee.”  

“’Losses in oil production often reflect instability,’ said the panel’s top Republican member, Sen. Lisa Murkowski of Alaska. ‘Energy reporting clearly pointed to Iraq’s deteriorating security years before the current collapse and provides us strategic warning of violence in other countries and regions.’”