I could envision a situation where the negotiation between Iran and the United States and the other countries in the world go sour, it is rejected in Congress, and one of the options is to bomb Iran and its nuclear programs, and I could then envision the price of oil going to $5 a gallon, $6 a gallon, and I could see American oil here and natural gas here protecting us against that, that we were not exporting.
Markey discusses potential consequences of failed negotiations with Iran on oil prices.
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