Transcript
Michael O'Hanlon: So our energy habit, by this very crude math, is a billion dollars a day worth of imports and a half billion dollars a day worth of military expenditure in one form or another. Now, I do not want to over-dramatize how much we can reduce that simply by going towards alternative sources of energy. And I think our panelists tonight will give a very sober accounting of what's feasible and what's not feasible. But I would like to present this thought: wouldn't it be nice if, in a current standoff with Iran—which produces about four million barrels of oil a day, roughly five percent of the world's total—wouldn't it be nice if we, the world, had the capacity to tell Iran, we're not going to import your oil anymore until you stop trying to build nuclear weapons and supporting terrorists and shipping weapons into Iraq that are killing one to two Americans a day on average? Wouldn't it be nice if we felt we had that luxury or that liberty or that policy leverage? But you know what, we don't, because we're already tired of escalating oil prices, we're tired of spending 3 or 3.25 or 3.50 a gallon at the pump, and as a result, Iran, which has this complete dependence on oil for its national economy, almost has the upper hand on the oil issue with the United States and the other industrial democracies.
So what I'm proposing to you, and I'm happy to go into this in more detail later, is that we do have the ability, if we can even mitigate our national oil dependence by a few million barrels a day over time, and if other western industrial economies, and China, and Russia, and India can do the same, collectively, if we can do that, we begin to have a world in which a crisis in the Middle East does not have to present us with the options of doing virtually nothing or doing a bombing campaign; that we actually can use economics as leverage to help our national security rather than to have President Ahmadinejad, or whoever else your favorite dictator of the day may be in that region or elsewhere, with the upper hand over us.
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