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The Persian Gulf—No vital U.S. Interest

January 12, 2016 By Richard C. Young

Originally posted November 24, 2014.

Andrew J. Bacevich (Columbia University ) writes, “Does the Persian Gulf require policing from the outside? Maybe. But if so, let’s volunteer China for the job. It will keep them out of mischief.” Bacevich notes that the U.S is today the world’s largest producer of oil and natural gas, and concludes: “Access to Gulf oil remains critically important to some countries, but surely not to the U.S.”

Bacevich writes:

Although U.S. interests in the Gulf may once have qualified as vital, the changing global energy picture has rendered that view obsolete. What’s probably bad news for the environment is good news in terms of creating strategic options for the United States.  New technologies have once again made the United States the world’s largest producer of oil. The U.S. is also the world’s largest producer of natural gas. It turns out that the lunatics chanting “drill, baby, drill” were right after all. Or perhaps it’s “frack, baby, frack.” Regardless, the assumed energy dependence and “vital interests” that inspired Jimmy Carter to declare back in 1980 that the Gulf is worth fighting for no longer pertain.

Access to Gulf oil remains critically important to some countries, but surely not to the United States.  When it comes to propping up the wasteful and profligate American way of life, Texas and North Dakota outrank Saudi Arabia and Kuwait in terms of importance. Rather than worrying about Iraqi oil production, Washington would be better served ensuring the safety and well-being of Canada, with its bountiful supplies of shale oil. And if militarists ever find the itch to increase U.S. oil reserves becoming irresistible, they would be better advised to invade Venezuela than to pick a fight with Iran.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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