Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Michael Klare: GOP Promises of Lower Gas Costs Belied By Dwindling Supply of World's Oil
Posted
March 14, 2012
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8:19
6:49Now Playingdemocracynow.org - We look at rising fuel costs, one of the major issues raised by the Republican contenders in the 2012 presidential campaign. Since the beginning of the year, the average of price of a gallon of regular gasoline has jumped 16 percent to more than $3.80. Earlier this week, President Obama partially blamed his Republican rivals, saying one reason for the increase is rumors of war with Iran. Meanwhile, Republican candidates have used the spike in gas prices to attack President Obama's rejection of the Keystone XL tar sands oil pipeline and his stance on expanded domestic oil drilling. Our guest, Michael Klare, says oil prices are destined to remain high for a long time to come because most of the remaining oil on the planet is no longer easily accessible. Klare's latest book is "The Race for What's Left: The Global Scramble for the World's Last Resources."
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