Oil: Author Michael Klare discusses relationship between peak oil and national security

Political instability in Nigeria, Iran and other nations is a major factor contributing to the high cost of crude oil. But is U.S. foreign policy to blame for the volatility of some of the world's top oil-producing nations? During today's E&ETV Event Coverage, Michael Klare, a professor at Hampshire College and author of the book "Blood and Oil: The Dangers and Consequences of America's Growing Dependency on Imported Petroleum," discusses the history of U.S. oil imports, foreign policy and the use of military force to solve energy-related conflicts. Klare, speaking at the Sustainable Energy Forum 2006, also explains the importance of considering oil as a matter of national security, and why scarcity and high prices will only increase the instability of oil-producing nations.