http://www.summitdaily.com/article/20070324/NEWS/70324004DENVER — The United States should accelerate development of renewable energy sources because of increased risk from terrorist attacks that could cripple the economy, former national security adviser Robert McFarlane said Saturday.
Speaking at a renewable energy summit organized by Sen. Ken Salazar, McFarlane, who was national security adviser for President Reagan, said an attack last year on a Saudi oil terminal was a warning of what could happen if terrorists carry out their threats to go after oil supplies.
He said a truck filled with explosives came within 100 yards of the oil terminal before it was stopped. Had the attack succeeded, it would have knocked out a terminal that supplies 6 million barrels of oil a day for a year, tripling the cost of a barrel of oil to $150 a barrel overnight.
“They came within 100 yards of taking 6 million barrels a day off the market for a year,” said McFarlane, who now runs an energy investment company.
McFarlane said Japan, which is heavily dependent on oil from the Persian Gulf, would have been the first to see its economy collapse if the attack had succeeded. He said there are a dozen terminals at risk in Saudi Arabia alone.
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