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Friday, February 25, 2011

'World economy will fall if revolts spread to S. Arabia




Israeli security expert Gal Luft tells 'Post' that military intervention won’t help, stresses importance of breaking oil’s monopoly on transport.

“If something like we have seen in Egypt or Libya happens in Saudi Arabia, we’re talking about a catastrophic scenario that will bring a global economic meltdown.”

Talking to Gal Luft about security and the effect of oil on the global economy is not for the faint of heart. The executive director of the Washington-based think tank the Institute for the Analysis of Global Security spoke to The Jerusalem Post on Wednesday during the fourth annual Eilat-Eilot Renewable Energy Conference, in a 45-minute conversation that described the petroleum tightrope on which the world’s economies are teetering.

Jerusalem Post

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