Reason enough to open up oil production in US and Canada instead - TopicsExpress



          

Reason enough to open up oil production in US and Canada instead of guaranteeing Chinese access to middle east Oil. US oil and coal production is artificially restricted by the Obama administration to stimulate the use of windmills and other non-carbon based fuels which has yet to satisfy our energy needs to keep the economy running. We must import oil up the shortfall with most coming from the Arabs and being transported through the Strait of Hormuz. About 12% of the oil transported through that sea lane is destined to the US with 77% going to China. We keep the oil flowing at a cost of a quarter trillion dollars a year with the US Fifth Fleet based in Bahrain.
Posted on: Thu, 06 Jun 2013 12:48:08 +0000

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