This blog is part two of a two part series titled “Building on America’s Energy Renaissance.” Read the first part here.
A few weeks ago, Leader McCarthy announced that the House will vote to lift the ban on U.S. crude oil exports. Not only will lifting the ban grow our economy, it will also improve our geopolitical standing by giving our allies access to alternative energy sources.
American resources for a stronger world:
Power isn’t expressed through the military alone. One of the greatest sources of leverage in geopolitics is energy, and where some countries can use their energy to help, others use it as a weapon.
Russia is the prime example. As Putin moves into Syria and continues to threaten Ukraine and the entirety of Europe, many in Europe feel that their hands are tied. After all, Europe received roughly 30 percent of its oil from Russia (with some countries relying on up to 93 percent of their crude from Russia). Russia doesn’t even have to use military force to persuade its neighbors to submit. All it has to do is threaten to turn off the power.
But Russia isn’t the only one that understands the importance of energy exports. During the nuclear negotiations, Iran demanded that the sanctions on their oil exports be lifted because that would greatly benefit the Iranian economy and give Iran another potential weapon in its arsenal. President Obama granted Iran this concession even while he opposes opening U.S. energy to the global market.
So how can we blunt Russia and Iran’s potential energy weapon? By lifting our own ban on oil exports.
As Leader McCarthy said in his speech to the Hay Initiative earlier this week,
“We must use American energy to help our allies. It defies belief that the president would allow the ban on Iranian oil exports to be lifted and also stand by as Russia blackmails an entire continent, all the while keeping in place the ban on the American export of crude oil. If Russia wants to use energy as a weapon against our friends and allies, let’s use our energy resources to set them free. Let’s sell American oil and gas wherever we find an ally in need.”
The American energy renaissance isn’t just a boon for the economy at home. It also helps our allies resist aggression and makes space for a more secure and peaceful world.