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Natural gas is playing an increasing role in meeting world energy demands because of its abundance, versatility, and its clean burning nature. As a result, lots of new gas exploration, field development and production activities are under way, especially in places where natural gas until recently was labeled as -stranded-. Because a significant portion of natural gas reserves worldwide are located across bodies of water, gas transportation in the form of LNG or CNG becomes an issue as well. Finally natural gas is viewed in comparison to the recently touted alternatives. Therefore, there is...

High oil prices are bound to undermine the U.S. economic recovery, unless global supplies increase significantly. Latin America holds the world's biggest oil reserves after the Middle East, but politics are hindering its potential, especially in Venezuela. Global U.S. security would benefit from a revamping of outdated and misguided idealism-driven policies toward Latin America, which, in fact, strengthen anti-American forces led by President Hugo Chavez.

This is a blind spot in American politics, one that threatens U.S. geopolitical and economic interests. At stake, ultimately, is...