Political Correction

Herman Cain: Stop Iran's Nuclear Program By Drilling For Oil

June 10, 2011 12:33 pm ET - by Walid Zafar

This exchange between Herman Cain and Fox's Bill O'Reilly should remove any doubt that the longshot presidential hopeful knows very little about what's actually going in the world. Asked by O'Reilly what he'd do as president to curtail Iran's nuclear program, a confident Cain said that he'd promote a "real, energy independent strategy."

O'REILLY: A new report says Iran may have a nuclear weapon this year. How do you stop Iran from getting a nuclear weapon?

CAIN: The way you stop Iran from getting a nuclear weapon is for us to get serious about a real, energy independent strategy. Because if we do...

O'REILLY: That's going to take longer than this year. How do you stop them from getting a nuke this year?

CAIN: Have a serious strategy, Bill. And if you have a serious strategy, it's going to cause the speculators to speculate down instead of speculating up.

O'REILLY: That's not going to stop Iran, even if prices go down, it's not going to stop Iran from developing the nuke.

CAIN: Bill, Bill, not in the short term. Look, here's my punch line. If we help drive the price of oil down, that hurts Iran and if the price of oil gets down near $70 dollars a barrel, we win, they won't have the money to develop nuclear weapons...

Watch:

To be sure, energy independence is a worthy goal. But Cain has said in the past that his idea for energy independence requires us to "get our own oil out of the ground," which will have little impact on global oil prices. As the Energy Information Administration's administrator has pointed out, more domestic drilling will not significantly reduce prices because of "the globally integrated nature of the world oil market." In this case, even if the U.S. increased drilling in the Gulf of Mexico or ANWR, prices would still be responsive to overall global demand.

In other words, Herman Cain's solution would literally have no impact on Iran's nuclear program.

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