December 24, 2009
Dear Editor:
Now that Iran has thumbed their nose at the world over its progressive nuclear program, regardless of diplomacy or sanctions implemented, it seems the only language they will understand is hard economics.
It has been stated, both politically and economically, one step that needs to be taken in order to get the economy going, as well as halt Iran in its tracks, is to substitute foreign sources of energy with domestically produced energy. Here in the U.S., oil imports account for nearly half the trade deficit. The current administration must encourage drilling for oil and natural gas, here and now. Not only would this create countless jobs for a staggering economy with an unemployment rate over 10%, reduce our budget and trade deficits, but most importantly, it would crumble Iran; a nation fueled by an international, and overwhelming consumption of its prime resource: oil.
Now is the time for President Obama and Congress to open up every form of domestic oil and natural gas production. In doing so, the futures market will quickly react to the influx of supply, causing prices to drastically decrease. The further prices drop, particularly as production hits the market, the more Iran's economy will falter. Eventually, this will bring the leadership of Iran to their knees. This would be a far better alternative than the ongoing, and escalating danger of war.
Very truly yours,
Rudolph F.X. Migliore
Migliore & Infranco, P.C.
353 Veteran’s Memorial Hwy.
Commack, NY 11725
Dear Editor:
Now that Iran has thumbed their nose at the world over its progressive nuclear program, regardless of diplomacy or sanctions implemented, it seems the only language they will understand is hard economics.
It has been stated, both politically and economically, one step that needs to be taken in order to get the economy going, as well as halt Iran in its tracks, is to substitute foreign sources of energy with domestically produced energy. Here in the U.S., oil imports account for nearly half the trade deficit. The current administration must encourage drilling for oil and natural gas, here and now. Not only would this create countless jobs for a staggering economy with an unemployment rate over 10%, reduce our budget and trade deficits, but most importantly, it would crumble Iran; a nation fueled by an international, and overwhelming consumption of its prime resource: oil.
Now is the time for President Obama and Congress to open up every form of domestic oil and natural gas production. In doing so, the futures market will quickly react to the influx of supply, causing prices to drastically decrease. The further prices drop, particularly as production hits the market, the more Iran's economy will falter. Eventually, this will bring the leadership of Iran to their knees. This would be a far better alternative than the ongoing, and escalating danger of war.
Very truly yours,
Rudolph F.X. Migliore
Migliore & Infranco, P.C.
353 Veteran’s Memorial Hwy.
Commack, NY 11725
No comments:
Post a Comment