Let's review the numbers:
We are importing 70% of our transportation fuel to the tune of $700 billion.
This is a radical increase from 1970, when we imported 24%.
Of the 85million barrels the world produces today, we import 21million barrels, or 25% of the world's supply, despite only having 4% of the world's population.
Not hard to see we have developed a serious problem for ourselves.
Not to mention who is profiting from our addiction, the exact people we are at odds with.
We get weaker, they get stronger.
My only question is, where was self described "oilman" T. Boone Pickens ten years ago with this knowledge? Obviously getting rich off the same addiction he professes to fight against today. Getting rich, getting the Bush tax cuts, getting all the benefits of being our petroleum "pusher."
But, I must say he does raise valid points. Why is it, our Ivy leaguers in Washington haven't seen the light years and years ago? Would it be cynical to think they didn't want to bite the hands that feed them with campaign financing at election time? Why is it the Bush family, oilmen themselves (and on very good terms with the Saudis and the Bin Laden family), not raised this specter 25 years ago?
Please watch this very short video, and it will make sense to you.
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