Not really when you understand how commodity markets work. What we should be doing is getting off oil entirely. Or as much as we can.But I do like this reliance on oil, yes, everyone relies on oil, every industrialized nation. Meaining we should probably be drilling here at home.
No question that Iran would be screwed if it could not export oil.number one...two, Iran relies on oil as well. Her exports cut off, her inability to refine oil(she must import 80% of her gasoline), Iran is done. Toast.