At the Examiner, Gene Healy writes about why the Rand Paul/Rick Perry initial sparring is good for the foreign policy debate on the right. Whether it’s good or bad in the long run, I do believe it illustrates a number of challenges Republican candidates in 2016 will have to deal with, and the difficulty of assessing where the Republican base is headed at a time when few leaders have run in tandem with its shifting views on national security and foreign policy.
Tagged: middle east
While we weren’t paying attention, post-war Iraq grew into a major force in the global oil market. Reaching a 30-year high, its production and exports have climbed steadily since 2011—making Iraq the second largest producer in OPEC, the seventh globally. The International Energy Agency (EIA) has forecast that Iraq has the fifth-largest proven oil reserves.
Several Hollywood elites were recently caught red-handed on videotape, agreeing to take money from a Middle Eastern oil sheikh for another anti-fracking movie. Their actions were shameful, but they felt no shame – only anger at the folks who caught them in the act. Indeed, the ironies are matched only by their hypocrisy and disdainful disregard for the consequences of their anti-fracking fervor.
October 17 was the fortieth anniversary of the oil embargo slapped on America by the Organization of Petroleum Exporting Countries (OPEC). That action changed the entire geopolitical map by taking the power from the United States and giving it to the Middle East. As a result of the embargo, America slid into a serious recession.