R. James Woolsey: The OPEC 'Cartel' and Its Oil Monopoly May 10, 2012

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Complete video available for free at http://fora.tv/2012/04/25/Oils_Monopoly_A_Strategic_Challenge_-_R_James_Woolsey

R. James Woolsey, a foreign policy expert and former head of the CIA, discusses the Organization of the Petroleum Exporting Countries (OPEC), and it's grip on global oil prices. Woolsey argues that any oil initiatives in the U.S. can't overcomes OPEC control.

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Our dependence on oil from hostile nations threatens our national security and the security of our allies, particularly Israel. Join AJC and R. James Woolsey, chair of the Foundation for Defense of Democracies and former Director of Central Intelligence (DCI) for a dialogue on "The Electric Grid, Oil's Monopoly, and OPEC's Cartel: 3 Serious Strategic Problems in Search of Solutions".

R. James Woolsey is chairman of Woolsey Partners LLC and former United States Director of Central Intelligence, heading the Central Intelligence Agency and the U.S. Intelligence Community.