Today’s oil crisis could have been foreseen, but analysts say chances to head it off were ignored, missed or blocked.


Americans have seen the current oil crisis coming for 30 years. But analysts say chances to head it off were ignored, missed or blocked.


The president, on a trip the Middle East, had hoped to persuade the king of Saudi Arabia to release enough oil to drive down prices and give American consumers some relief at the pump.


The move announced by the Energy Department that it would temporarily suspend a program to fill the nation’s strategic oil stocks failed to break the rally in oil prices, which hit another record Friday.


The move announced by the Energy Department that it would temporarily suspend a program to fill the nation’s strategic oil stocks failed to break the rally in oil prices, which hit another record Friday.


 
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