Serial No. 109-70: Terrorist Threats to Energy Security: Hearing before the Subcommittee on International Terrorism and Nonproliferation of the Committee on International Relations, House of Representatives, One Hundred Ninth Congress, July 27, 2005 [open pdf - 343KB]
From the opening statement of Edward R. Royce: "The possibility of energy terrorism -attacks on the worlds energy infrastructure - doesn't generate the same attention as potential chemical or biological or nuclear terrorism. But the economic implications of such attacks are potentially enormous. Many believe that the reason we are looking at oil at $60 a barrel is the fact that we have a terror premium factored into the price of a barrel of oil. Some suggest that oil terrorism is emerging as a major threat to the global economy. Combating this threat should be a part of our complex goal of improving our Nations energy security. Because of U.S. energy demands and the global nature of energy markets, terrorists can strike at us almost anywhere in the world. Oil markets are tight, with little spare capacity, and demand is increasing. As we will hear today, there is strong evidence that a relatively small disruption to oil production throughout the world could spike world energy prices, severely harming the American economy. We have taken steps to improve the security of the energy infrastructure of this country since 9/11. But, unfortunately, terrorist attacks abroad could hurt us as if they were committed here at home." Statements, letters, and materials submitted for the record include those of the following: Edward R. Royce, Robbie Diamond, John P. Dowd, Gal Luft, and Anne Korin.
Serial No. 109-70
U.S. House of Representatives Committee on International Relations: http://wwwa.house.gov/international_relations/itnhear.htm