Volume 37, Number 14 · September 27, 1990
The Price of Gluttony
By Peter G. Peterson
One of the most depressing aspects of the recent Persian Gulf upheaval is that the United States has once again been caught virtually unprepared to deal with the threat to its supply of imported petroleum. This should not have come as a surprise. Indeed, as the 1980s unfolded, the increasing vulnerability of the US energy supply to foreign manipulation would surely have been clear to Persian Gulf adventurers in the yearly reports of our national energy and economic accounts. That Americans ignored it until this August is yet another troubling indication of the national somnolence of the 1980s.
Feature, 3145 words
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