Recipe for a third oil shock:
Undermine Saudi pro-Americanism and hyperventilate OPEC

Imagine an unexpected arrival at the end of the second millennium of an oil economist from Hell.His contract, which began in about 1996 (exact dates are not available), requires him to devise a strategy that either will (a) intimidate the U.S. government into providing a billion dollars or so in unscheduled and unwarranted subsidies to domestic oil producers or (b) force the leading suppliers of oil to the U.S. to reunite in opposition, led by the Organization of Petroleum Exporting Countries, to U.S. trade policy on crude oil.As a result of the first outcome, tax dollars from the vaunted fiscal surplus of the U.S. Treasury will find themselves on the bottom lines of the income statements...

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