In this March 29, 2013, file photo, workers tend to a well head during a hydraulic fracturing operation outside Rifle, in western Colorado. Interior Secretary Ryan Zinke announced plans Thursday to encourage oil and gas development on federal lands with faster and simpler permitting and more frequent sales of government drilling rights. (AP Photo/Brennan Linsley, File)
July 9, 2017
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Oil and national security
Keeping prices low puts pressure on our adversaries
The United States has imposed economic sanctions on Russia, Iran and North Korea. Unfortunately sanctions alone never get the job done (for example Saddam Hussein and the U.N. Oil for Food program). While current sanctions have caused some hardships, it has been the collapse in the price of oil since 2014 that has been a true limiting factor.