Security, Middle East
The Trump administration needs to do some serious soul-searching as it relates to how it thinks about energy as a whole.
A War with Iran Would Wreck the American Energy Market
Reading Ilan Goldenberg recently described for Foreign Affairs what a war with Iran would look like. His analysis was informative, vivid and harrowing. But while his attention was focused primarily on the Middle Eastern theatre, I was wondering how such a skirmish would play out here in the United States.
Specifically, how it would look for Americans at the gas pump.
Goldenberg writes that even isolated, small-scale missile attacks or cyberattacks could drive oil prices to a now-unthinkable $150 a barrel, which is nearly $100 more than what West Texas Intermediate (WTI) crude futures are currently trading at.