The Oil Price Is not a Very Good Strategic Weapon (Lee Lane) from Real Clear World
"To some observers, the U.S. LTO boom also represents a new weapon of economic warfare. Adherents of this view correctly note that at present, Iran and Russia are U.S. foes. Increased U.S. oil output tends to lower world oil prices, which in turn undermines Iran and Russia's oil wealth. They also bolster the effect of sanctions against those countries. However, America also has dangerous rivals that are not oil exporters, and cheap oil may not be an unalloyed strategic gain for Washington."
This article implies but does not explain how current low oil prices might be a function of intentional White House policy. This is my suspicion -- but it is hard to see where the connection is.
No comments:
Post a Comment