
Study: Middle East Oil Security Cost U.S. $7.3T Over Last Three Decades -- USA Today
Think gas is pricey at the pump? Try your tax bill instead, with an economic analysis putting the U.S. military tab on keeping Middle Eastern crude coming at more than $225 billion a year over the last three decades.
Since 1980, when President Jimmy Carter decreed the "Carter Doctrine" of keeping Persian Gulf oil flowing to the world, subsequent administrations have pursued policies aimed at keeping the tankers coming, using U.S. military forces to provide security, notes Princeton's Roger Stern in a new Energy Policy journal analysis.
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My Comment: What is troublesome is that the cost of defending our interests in the Middle East is only increasing with time .... with no signs that this will change in the far future.