Offshore Drilling in New Light
Certain aspects of off-shore drilling are debateable. Will it be 5, 7,10 years or 2030 before benefits are seen? How large would those benefits be?
But one benefit that seemingly has been overlooked is not the affect on the price of gasoline more supply will perhaps have, but instead the affect of more supply from American companies will have on Iranian oil.
Isolating Iran is the indisputed path taken by the western countries concerned about Iranian nuclear ambitions, however, China and Russia have resisted the isolating sanctions from the U.N. up to this point.
With more oil of its ‘own’ in its arsenal, the US has the option available to supply a certain amout of oil, or even refined gasoline to China or Russia in order to remove each nations’ opposition to west’s wishes regarding Iran.
If the Democrats are correct in their assesment of how offshore drilling will affect prices at the pump, perhaps this option would be extremely attractive for America and if it can be made attractive to China and or Russia, then it would seemingly be a tremendous step in the right direction for the west in ending Iran’s nuclear program without relying on military action.
One element that seems to be left out of the offshore drilling debate is the notion that not only is it important for America to drop its dependency on Middle Easten oil, but the entire world to do the same.