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May 14, 2006

The Pipes Carry Clout With the Oil

By JAD MOUAWAD

New York (NY Times) -- As energy-rich countries feel empowered by high oil prices, they are increasingly using a blunt instrument to make their influence felt. Call it the power of the pipeline.

New, superlong pipelines are planned for South America, the Middle East, Russia and Africa, and oil-producing countries are using them to forge political alliances, punish foes and extract concessions from customers.

"Pipelines mean political leverage," said Frank A. Verrastro, the director of the energy program at the Center for Strategic and International Studies...

Full Story...

Posted by rjorr at May 14, 2006 7:01 PM