Michael T. Klare is the Five College Professor of Peace and World Security Studies (a joint appointment at Amherst College, Hampshire College, Mount Holyoke College, Smith College, and the University[…]
Once the reserves are gone, they’re gone forever, says Klare.
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.