Almost $20 billion on foreign oil in December - Is America stupid?

And that's a cheap month
For months America's oil demand has been crashing, despite considerably lower gas prices than just 6 months ago.
The price of a barrel of oil has declined to less than a third of 2008 highs.
Yet, America still spent $19.3 billion on foreign oil in the month of December.
And THAT's a BAD month, at least as far as the exporters of America's foreign oil are concerned. For America it was a fricken bargain.
Almost $20 billion a month is a deal!?! Are we stupid?
Nearly in depression and we're still on pace to spend a quarter trillion on foreign oil costs this year, and that doesn't even include the billions we'll spend on oil tanker lane security, etc. (Let's not even get into war costs)?
This isn't insanity?
Yet, had oil prices stayed where they were this summer, we might have spent the entire costs of the current stimulus package - now near Vote in the Senate - on our foreign oil consumption bill alone.
What does that add up to after 10 years?
Sadly, aside from Boone Pickens, and his Pickens Plan, no one is really talking about this crisis. I'm not saying his plan is right, but his attack on the costs of foreign oil is absolutely spot on. This crisis is an opportunity for great, return on investment, change.
America can't rally around that?
Labels: Foreign Oil Dependency



2 Comments:
It's not a crisis to the players who are making billions off of it.
What's really sad is people out there (you'll find plenty of these douches on Autoblog) who actually think it's cool that companies like ExxonMobil are making record profits. They are so stupid that they can't grasp the concept that they are also getting shafted by companies like EM.
This is what happens when you have a nation of idiots at the helm.
I honestly believe the majority of Americans are against foreign oil dependency, they just aren't that willing to do much about it. And, truthfully, they don't have a ton of choices.
Sadly, it's hard to have a lot of hope when such an issue isn't even a talking point for most in Washington.
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