Despite President Donald Trump ramping up domestic energy production in his second term, the recent conflict with Iran has exposed America’s deep dependence on global oil and international waterways.
It’s increasingly clear the nation cannot afford another protracted war in the Middle East. We’re still nursing our wounds from the last saga under former Presidents George W. Bush and Barack Obama.
Even the mere appearance of a drawn-out affair has caused enough chaos to distract from Trump’s entire domestic agenda. Following the start of “Operation Epic Fury,” oil skyrocketed to a peak of $120 per barrel due to speculation, uncertainty, and panic.
Trump and Energy Secretary Chris Wright temporarily calmed the waters with promises to tap the Strategic Petroleum Reserve, yet that hasn’t fully kicked in yet.
The commander-in-chief later issued a 60-day waiver of the Jones Act, which forces America to use U.S.-built and operated ships for transporting goods
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