Victor Mordechai was talking on the Medved show about how certain Shiites were talking about blowing about oil wells as an act of terror. The discussion was on how this world affect Europe as compared to America. He then said that since America gets only 15% of its oil from the gulf it would be affected less than Europe. This is not true, oil is fungible. Canada will sell to Europe. Furthermore, terrorists blowing up oil wells would be counterproductive and might even get the Europeans to go after them.
He may be a terrorism expert, but he does get economics.