Terror-Free Oil? It’s a Gas, Gas, Gas
A misguided effort that won’t do Jumping Jackshit to solve the West’s oil dependence or undermine the financing of terrorism, the Terror-Free Oil initiative seeks to open a chain of gas stations that will refuse to sell oil from the Middle East. The idea is to cut off the money supply to Islamist terror generated by Arab and Iranian oil revenues. Even oil from Venezuela is out: “We know that the Government of Hugo Chávez is very aligned with the Government of Iran, so we are certainly not going to have anything to do with Venezuela,” spokesman Joe Kaufman told The Times.
Time for some basic economics, people. If global demand for oil stays constant – as it will if you don’t use less of it – and supply also remains constant or diminishes (a likely scenario what with oil being a non-renewable energy source and all), then the price of oil will remain the same or increase, as will the profits to producers. So it matters not a jot where the oil you buy is produced when oil is a scarce resource, of which the largest proven reserves are held by hmm, let’s see – Venezuela, Saudi Arabia, Iraq and Iran. You’ll still be contributing to the financing of terror.
The initiative appears to have been cooked up by some enterprising Russian entrepreneurs, who festoon their pumping stations with patriotic American slogans and seem to have judged the American appetite for avoiding painful choices (clean, renewable energy sources anybody?) quite cannily. Nebraskan Melanie Drinkall told The Times that that she filled up with “terror-free” petroleum because she feels guilty about owning a gas-guzzling Mazda Tribute 4×4. “I want to try any way I can not funding terrorism,” said Drinkall. Any way, it would appear, other than not owning a gas-guzzling terrorist piggy bank on wheels.Politics of Oil