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Robert P. Murphy, author of The Politically Incorrect Guide to Capitalism, discusses his article “Who Needs War for Oil;” why the US military doesn’t need to intervene in the Middle East to “secure” supplies of oil; how embargoes hurt oil exporting countries more than their customers (shown by the US-supported embargo on Iran); and the contrarian theory that oil scarcity and higher prices are the true US policy goals.

Podcast: Play in new window | Download (Duration: 20:14 — 4.6MB)