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Tuesday, November 04, 2008

Iran Defiantly Increases Threat to Strait of Hormuz with New Naval Base

America With No Plan for an Oil Interruption

Iran opened a new naval base on October 27, 2008, at the southern mouth of the Strait of Hormuz, the strategic chokepoint for Persian Gulf oil.

About 20 percent of the world’s petroleum and 40 percent of the searborne crude traverse the Strait daily. As such, some 20 percent of America's daily oil needs, passes through the Strait, according to the Energy Information Administration. The EIA has dubbed it, “by far the world’s most important chokepoint.”

Author Edwin Black in his book, The Plan, has spotlighted the fact that the United States has no plan in the event of an oil interruption.

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