From IBD Editorial:
Energy: Piracy has always been a shipping hazard, but Somalia's buccaneers have taken it up a notch. Their hijacking of a supertanker Monday shows how vulnerable oil supplies are and how critical it is to stop them.
Events around the Horn of Africa are often bellwethers of trouble. The terror attacks on the USS Cole and the U.S. embassies in East Africa presaged 9/11. Saturday's unprecedented attack on a 319,000-ton supertanker with $100 million in oil could be a warning of a new threat to world energy.
Read more ....
Energy: Piracy has always been a shipping hazard, but Somalia's buccaneers have taken it up a notch. Their hijacking of a supertanker Monday shows how vulnerable oil supplies are and how critical it is to stop them.
Events around the Horn of Africa are often bellwethers of trouble. The terror attacks on the USS Cole and the U.S. embassies in East Africa presaged 9/11. Saturday's unprecedented attack on a 319,000-ton supertanker with $100 million in oil could be a warning of a new threat to world energy.
Read more ....