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This post continues the conversation in response to my post “Offshore Oil Drilling, Energy Independence, and America’s Security” from April 7th, 2010.

Now let’s set the record straight. While it may be true that Canada and Mexico are the top exporters of oil to the US (when it is broken down by nation), these nations are insignificant when it comes to regions and the greater oil market. Canada and Mexico together are insignificant to the oil market because they do not affect the price of the oil market. This market is what affects our own economy and threatens the security of our nation, creating unwanted entanglements that flow deeper than most realize.

The reality is that the oil market is like any other market in an economy – it fluctuates. But this market is controlled by an exclusive group of nations mainly in the Middle East – the ones who have the most oil – known as OPEC. Neither Canada nor Mexico are card-carrying members, by the way.

Now here is the important thing: in 1945 FDR makes an agreement with Saudi Arabia to secure energy reserves for future interests. From that point on, America has had a vested interest in the Middle East.

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With the December 6 news that it plans to build twenty new uranium enrichment facilities, Iran has dealt a serious blow to hopes of peacefully resolving its nuclear standoff with the West. After months of courtship by the international community, Iran’s announcement appears to be both a rejection of the West’s advances and a signal of its intent to step up its pursuit of a nuclear program. With the US running out of cards to play, many fear that the two countries are on a collision course to military confrontation.

Much like North Korea, the consequences of an Iranian possession of nuclear bomb are dire. The Obama administration has sought to right the wrong of American Cold War policy, when the US provided its then-ally Iran with nuclear reactors in an attempt to curry favor. Preventing proliferation is a priority for the Obama administration and confirmation that Iran has a nuclear bomb would trigger an arms race in the Middle East, with heavyweights such as Egypt and Saudi Arabia seeking to counter Iranian domination in the region. An Iranian nuclear bomb would also bring Israel and Iran closer to war. Iran’s anti-Semitic leader Mahmoud Ahmadinejad has publicised his hatred of Israel so often that Israeli leaders deem a nuclear-armed Iran an existential threat. Just last year an Israeli strike on Iranian nuclear sites was narrowly averted after George W. Bush refused to give Ehud Olmert the green light. The Obama administration has since tried to convince the Israelis of the virtues of diplomacy with Iran, but the latest setback means that hawks in Israel and the US will be circling Iran with greater intensity.

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