- Jason Bordoff: Cheap gas is a boon but also a chance to protect U.S. from next oil price spike
- The average American household saved $700 in fuel costs last year, Bordoff says
Jason Bordoff, a former energy adviser to President Barack Obama, is a professor of professional practice and founding director of the Center on Global Energy Policy at Columbia University's School of International and Public Affairs. The opinions expressed in this commentary are his.
(CNN)Just over four years ago, the United States and Europe sanctioned the sale of Iranian oil in an effort to curb Tehran's nuclear program. Oil was trading at $110 per barrel, and Obama administration officials fretted about how to curb Iran's exports without causing a price spike.