U.S. military protection of the Persian Gulf is unnecessary to ensure access to oil from that region. Without Uncle Sam's generous help, Persian Gulf oil producers, shippers, and consumers (that latter residing mostly in Europe and East Asia) would have strong incentives to protect the free flow of oil. If the U.S. government eliminated its military subsidy for oil in the Persian Gulf, it could decommission approximately five army divisions, five active air wings of the Air Force, five Marine Expeditionary Brigades, and 144 ships, including six aircraft carriers-roughly half of the U.S. armed forces.
- Chuck Todd: Democrats and Republicans should be embarrassed by this impeachment nonsense Guy Benson 48 minutes ago
- GAO investigation: Why, yes, the Healthcare.gov disaster was the result of terrible government management Allahpundit 1 hour ago
- Rand Paul calls out MSNBC… on MSNBC Noah Rothman 2 hours ago
- Ted Cruz meeting with House conservatives to try to block Boehner’s border crisis bill Allahpundit 2 hours ago
- Liberal interventionists silent on ISIS’s medieval brutality Noah Rothman 3 hours ago
- U.S. sends subtle shot at the United Nations over complicity in Gaza violence Noah Rothman 4 hours ago