I've written about this before, so it's nothing new. I've also written that we send a lot of our dollars into the coffers of foreign governments that might not have our best interests in mind.
Snuck into the Mother of All Bailouts was an oil-shale ban. One guess as to which political party ( ::cough:: Democrat ::cough:: ) put that in there.
But we can and need to get off of foreign oil. I've said before and I'll say again that those countries that we purchase oil from have us (the US) by the testicles.
Here's a link: http://www.ft.com/cms/s/0/9bfdbe08-9b8e-11dd-ae76-000077b07658.html
"The move coincided with fresh calls from those countries within the oil producing cartel that are heavily dependent on oil revenues for their budgets – most notably Iran, the organisation’s perennial hawk – to cut output. Ecuador and Qatar also supported slashing production." (emphasis added)
I wrote some time back about imagining what would happen to those countries economies if we were able to tell them "We don't need your oil any more." Now the Financial Times says it - that some countries are "...heavily dependent on oil revenues for their budgets..."
Just imagine what we could do with all the money that we're paying them. Just imagine. Their economies might collapse completely. And while that is not a good thing for them, we would have other uses for our money. Such as not spending it on foreign governments, some of which are openly hostile to us.
We need to get off of oil completely. It can be done, but it will take the will of the American people to do it.
Thursday, October 16, 2008
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