Oil Shock: Potential for Crisis

The Select Committee on Energy Independence and Global Warming hosted military and energy experts to examine how a major disruption in oil supply could affect the economy and America’s national security. With near $100 oil and rising gasoline and heating oil costs, America is already teetering on the verge of a major economic crisis. On November 1st, several energy and military experts came together to hold a "war game" exercise on the geopolitical effects of an oil crisis, called "Oil Shockwave". Testifying before the committee, former head of the EPA, Carol Browner, who was a participant in the oil war game, along with the former Commander of the U.S. Pacific Command, Admiral Dennis Blair, who observed the oil shock exercise and is involved in energy security issues. 

WHAT: Select Committee hearing: "Oil Shock: Potential for Crisis." 

WHEN: 9 AM November 7, 2007

WHERE: 2172 Rayburn House Office Building

OPENING STATEMENT: Chairman Edward Markey 

WITNESS LIST:

• Carol P. Browner, former Administrator of the Environmental Protection Agency and current Principal of the Albright Group, LLC

• Admiral Dennis Blair, USN (Ret.), former Commander in Chief, U.S. Pacific Command

For more information on the Oil Shockwave simulation, please CLICK HERE. 

VIDEO from the Hearing: 

Full video archive of hearing.

Chairman Markey questions the witnesses.

Closing statements from Browner and Blair. 

PICTURES from the Hearing: 

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