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Saudi Oil Attacks A Wake-Up Call For U.S. Energy Security


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saudi-oil-attacks-a-wake-up-call-for-u-s-energy-security

Saudi Arabia recently announced that its long-awaited initial public offering for Saudi Aramco, the state-owned oil company, will take place in December. The IPO — eagerly anticipated by investors — has experienced multiple delays, including volatile oil prices and, more recently, the attacks on Aramco oil production sites by Iran. Aramco Chairman Yasser al-Rumayyan alluded to those attacks, telling CNBC “that the company was a safe bet for investors despite some concerns over the security of Saudi oil infrastructure.”

Setting aside any Wall Street implications, the September attacks were a violent reminder of the nexus between energy, geopolitics, and international relations. The United States — now the world’s leading energy exporter and Iran’s most significant nemesis in the short term — must, in the long term, look inward to assess energy preparedness and security. 

If anything can be gleaned, it should be that the stakes continue to rise in what Senate Energy Chairwoman Lisa Murkowski of Alaska described as a “teachable moment.” For the U.S. not to consider itself a target risks leaving energy assets and future prosperity vulnerable.:snip:

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