Actually, they don't. The global market is too large, and they are too dependent on the dollars.
Are you trying to say you would like us to be back in a situation where a group could cause extreme economic disruption in the U. S.?
You continue to ignore that group was our own government. And you want to add to their influence.
If OPEC doesn't want to sell oil to the US, North Sea suppliers can add a dollar to their price, ships us theirs and buy from OPEC at a discount.
You should really try reading the link about the embargo. It is only a page summery and not that difficult to understand.
Look, I realize the people who develop these studies have vested interests, but I don't totally dismiss the supposed findings.
I am a firm believer in the "multiplier effect" related to dollars spent domestically in the United States. For each dollar earned and spent in the U. S., perhaps 3.5 to 10 dollars are subsequently spent. If you consider the multiplier effect on those expenditures, it's almost an endless ripple effect across the economy.
For this reason, I should be motivated to be on board with this. For the reasons already explained I remain less than willing to expose this nation to being a heavy importer of oil in the future.
This may be flawed logic on my part, but I'm not the only person who thinks along these lines.
I think you'd have to admit the Republicans on Capital Hill are pretty much all-in when it comes to Chamber of Commerce / business interests. In the article it mentions only two people who support lifting the ban.
These are two people I've never agreed with on a single issue in my life.
Thank you for your reasoned exchange. I think you raise some good points too.
IMO, the way to get this nation back on track is to return manufacturing to the United States. Until that happens, we'll never be a credible economic nation again.