Shows you who's boss - and who has the most influence in Washington. Not the normal villain, with the confusingly similar name (AIPAC (American Israel Public Affairs Committee)) - Nope - it's
API-PAC --- the American Petroleum Institute Political Action Committeeand here is their position---
SANCTIONSUnilateral Trade Sanctions
Acting independently of its allies and trading partners, the U.S. government has restricted trade and investment by U.S. companies in nations believed guilty of terrorism and human rights violations. While these unilateral economic sanctions share a worthy goal—controlling or changing the behavior of rogue states—they have done more harm than good:
* By targeting American companies but not businesses from other nations, they leave the field open to foreign firms, hurting American companies and reducing American jobs. Sanctioned nations continue to enjoy the benefits of international trade and investment with the rest of the world.
* Unilateral sanctions limit the positive influence of American businesses on foreign nations and signal a policy of isolation and disengagement from the world’s most disturbing problems.
* Unilateral sanctions adversely affect the nation’s energy security interests by restricting the ability of U.S. oil and natural gas companies to develop needed petroleum supplies.
Oil is the nation’s most important energy source. It helps us get where we need to go, helps heat our homes, and supplies the petrochemical stocks employed to make computers, clothing, contact lens and a wide range of other products. Most of the oil we use is now imported—about 60 percent or almost 500 million gallons per day. While we must develop more of our domestic oil resources to meet the demands of our growing economy, they alone won’t be sufficient. Moreover, the world’s economy is also growing and will need more oil. U.S. oil and gas companies have the experience and technology to help supply our nation and the world with the critical energy supplies they will continue to need, yet they are increasingly hampered in this work by unilateral sanctions that fail to alter the behavior of targeted nations.
API believes the United States should reevaluate the role of sanctions in achieving its foreign policy objectives. Every sanction the U.S. imposes should have a reasonable chance of success, be the best option for achieving the result desired, and be kept in place only so long as it works. Multilateral sanctions imposed by the United States in cooperation with its allies and trading partners are likely to be more effective than unilateral sanctions. More sensible sanctions policies can better serve our national security, economic goals and human rights.
API is a member of USA*Engage, a coalition of diverse businesses and farm groups seeking improved U.S. sanctions policies through reform. Please visit the USA* Engage website at
http://www.usaengage.org/ for more information about unilateral trade sanctions.