Would it be wise for a country to tap into its oil reserves?

Question: Would it be wise for a country to tap into its oil reserves?

Michael Klare: Oh, now this is again very contentious issue. We in this country have built of our strategic petroleum reserve, there are some in Europe, China is just beginning to create one, India doesn’t have one. So, anytime it’s happen to it is bye-bye forever probably, the chances of filling it up again a pretty slight, so I think it would be a mistake to do that except in an extreme emergency and we are going to have lots of those.

Recorded: 3/14/08

Once the reserves are gone, they're gone forever, says Klare.

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(Photo by Chip Somodevilla/Getty Images)
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