The killing of Osama bin Laden was a fine CIA and Navy SEAL operation but the U.S. and its allies are still far from secure, warned former Central Intelligence Director James Woolsey.
He told CNBC Friday that to be really secure, the U.S. has to "break oil’s monopoly over transportation and to break OPEC's monopoly over oil. If we can get a handle on transporting ourselves using other substances—
Woolsey, now with the Goodwin Procter law firm in Washington, discounted talk that OPEC members are in disarray because they couldn't come to an agreement on increasing production during this week's meeting.
It may be squabbling but OPEC, he said, is still a cartel.
Right now, he asserted, "we’re paying for both sides in this war on terror. That’s idiotic. We’re not going to solve the overall problem until we break oil’s power."
There are many ways to do that: he agrees with T. Boone Pickens' plan to have fleet vehicles, trucks and busses running on natural gas.
Woolsey also thinks the U.S. should follow the lead of Brazil, which is requiring auto makers to "make their fuel lines out of a slightly different kind of plastic so it costs less than $100 a car in the manufacturing process … and the vehicle can burn alcohol fuels as well as gasoline."
Finally, there's electricity. Woolsey practices what he preaches, driving a plug-in Toyota Prius and GM's Chevrolet Volt.
"I drive for about 2 cents a mile until I need liquid fuel," he said, calling electricity "part of the hope."