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Dear Dr. Pipes

Reader comment on item: Symposium: The Geopolitics of U.S. Energy Independence

Submitted by Debanjan Banerjee (India), Sep 24, 2013 at 01:11

There are 3 primary questions surrounding US position with regards to being an exporter of energy and being independent of the West Asian region.

1. It is not much who sells the oil but whether the medium of transaction is Dollar. Remember Saddam and Qaddafi were killed because they refused to sell their oil in dollars. If the US wants to be independent of the whims of the Oil Shiekhs and Pashas in the GCC , they too could very easly dump the US dollar and start selling it in say Gold. That would mean the end of Dollar as WOrld's fiat currency.

With the huge debt burden already on her shoulders and with the Dollar no longer the World's fiat currency how would the US economy survive then ?

2. The US military-industrial-banker-political-lobbyst complex hugely benefits from the GCC shiekhdoms purchasing their junk weapons and channelizing their surplus dollars in this way. If the US wants to be an important energy producer independent of the GCC , the US military-industrial -banker-political-lobbyst complex would lose it's greatest clients. Can it survive in that scenario ?

3. The US thanks to her abilities to pay off the Egyptian generals , Jordanian monarchies and so on are able to keep the peace with Israel and have free access to Suez canal. With the US being independent , the US military would find it difficult to bribe the Egyptian and Jordonians to continue their peace with Israel and continue their special rights to the Suez. How do you think the US position would affect in that scenario ?

Thanks and regards with best wishes

Debanjan

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