There’s a wonderful piece of work by the Rand Corporation that says, “Suppose Persia – Iran – was not a hostile nation. Suppose there was no threat to the Straits of Hormuz. We simply no longer had to police the Straits of Hormuz and the Persian Gulf. Then the savings to the US defense budget would be about $80 billion a year."
So the Rand Corporation has really done a proper exercise, not just saying what we spend on the Fifth Fleet in Bahrain, but also how much could we save if we didn’t have to worry about that specific waterway. That’s $80 billion. But, now, here’s the beauty of this: Americans are paying for that not at the pump, but with their taxes that go to the defense budget.
Now, $80 billion is more than the entire global subsidy for clean energy, simply on that one water way, and what’s even more astonishing about it is those are not even American tankers going through the Straits of Hormuz, they’re Chinese tankers.