Oil ShockWave Underscores Dangers of U.S. Oil Dependence Secretary Rubin: Risks to Economy and Security "Profound" WASHINGTON, Nov. 1 /PRNewswire-USNewswire/ -- Securing America's Future Energy (SAFE) today conducted Oil ShockWave to simulate a global oil supply crisis and explore economic and strategic options for limiting the damage that could be inflicted by a major interruption of the flow of oil. Former U.S. Treasury Secretary Robert E. Rubin, who led the simulation, remarked, "Oil ShockWave demonstrates the critical importance of preventative action in mitigating the risks of oil dependence. Once a major supply crisis occurs, the short-term options are extremely limited. "The profound nature of the risks to our economy and security argue for concerted action to enact a national energy policy designed to reduce oil dependence." In addition to Rubin, participants included: former Deputy Secretary of State Richard L. Armitage; CENTCOM Commander General ...
