Google Drive, like iframe codes from all services that are resize-able, is supported like this.
Original Iframe code:
<iframe src="https://drive.google.com/file/d/0B6dF7rWxc-5aZEVRX0cxVmM2Yk0/preview" width="640" height="480"></iframe>
If you use Shortcode UI and the “Embed Video (ARVE)” button pasting it should extract the URL for you. But its basically the src from the iframe
[arve url=" HERE "]
if you manually write shortcodes.