As crude oil prices surge on rising political tensions with Iran, a new government report from the US Government Accounting Office (GAO) released Thursday said that the U.S. is unprepared to face an oil supply crisis and urged U.S. policymakers to develop a strategy in order to reduce potential risks related to an oil shock.
***If US is unprepared, it will go to war for oil. What will happen to the developing countries? Wait for the war to finish. Hope US wins.
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