Developing: Pakistani Plane Escorted by UK Fighter Jets — 2 Men Arrested
Doc Thompson’s 24-hour radio marathon, ‘#24forok,’ continues until 9 am ET — Listen Live!
Surprise: America’s dependence on foreign oil is increasing
How’s that hopey-changey windy-sunny energy plan working for ya, America?
The United States is increasing its dependence on oil from Saudi Arabia, raising its imports from the kingdom by more than 20 percent this year, even as fears of military conflict in the tinderbox Persian Gulf region grow.
The increase in Saudi oil exports to the United States began slowly last summer and has picked up pace this year. Until then, the United States had decreased its dependence on foreign oil and from the Gulf in particular.
This reversal is driven in part by the battle over Iran’s nuclear program. The United States tightened sanctions that hampered Iran’s ability to sell crude, the lifeline of its troubled economy, and Saudi Arabia agreed to increase production to help guarantee that the price did not skyrocket. While prices have remained relatively stable, and Tehran’s treasury has been squeezed, the United States is left increasingly vulnerable to a region in turmoil.
Man. I was so sure that twisty lightbulbs and electric cars would solve this problem. Darn it.
If only we had access to oil and natural gas here in the United States! Oh, wait.
Well, at least we have a president who knows how to handle news like this. Oh, wait.
Benghazi, IRS, AP...What's next? Only TheBlaze TV offers the truth from Glenn Beck, Andrew Wilkow, and Real News from TheBlaze. Get instant access and a free trial here.
Comments (2)
Comments are closed.
Popular Stories
John McCain Lectures Tea Party Senator on How ‘Business’ Gets Done in Congress: ‘That’s What We’ve Been Doing for a Couple Hundred Years’ 604 Comments
Boy Scouts of America Vote to Allow Gay Members 526 Comments
Obama Doesn’t Return Marine’s Salute, Shakes Hand Instead — Is This a Protocol Misstep? 414 Comments
Game-Changing Bombshell? There’s a Major Twist in the Story About a High School Student’s Lesbian Relationship With a Minor 355 Comments
Is the Boy Scouts’ Gay Amendment the ‘Beginning of the End’ for the Group? (Plus: Tell Us Where You Stand) 303 Comments
Faith
-
Game-Changing Bombshell? There’s a Major Twist in the Story About a High School Student’s Lesbian Relationship With a Minor
355 Comments
- Is the Boy Scouts’ Gay Amendment the ‘Beginning of the End’ for the Group? (Plus: Tell Us Where You Stand) 303 Comments
-
MSNBC Hosts Martin Bashir and Chris Hayes Claim London Machete Killers Aren’t Terrorists: ‘These Are Just Murderers’
156 Comments
-
Did You Catch the Possibly Policy-Changing Ft. Hood Reference in Obama’s Terror Speech?
101 Comments
-
Dem. Rep. Apologizes for Attending ‘Racist, Anti-Semitic and Homophobic’ Speech
Read More
Business
-
Have You Had Scotch at a NJ TGI Friday’s Lately? You Might Have Been Drinking Rubbing Alcohol
Read More
-
Venezuelan President Blames Toilet Paper Shortage on the Rich
Read More
-
This Terrible Chart Shows the Change in Food Stamp Participation Over the Last 10 Years
Read More
- Disney Makes Absolutely Mortifying Photoshop Mistake Read More
-
Trey Gowdy at It Again — This Time with a Jack Bauer Reference!
118 Comments
Technology
-
LOOK: Woman Claims to Have Photographed UFO in California
Read More
-
Lion Named ‘Bonedigger’ and Small Dog Make Most Unlikely Companions
Read More
-
Rocket Bike Sets Land Speed Record — and Uses a Fuel You Wouldn’t Expect
Read More
-
How 3D Printing Technology Created a Special Part for Baby’s Windpipe and Saved His Life
Read More
-
6 Fascinating Spy Gadgets You’ll Probably Want (and Can Have) After Seeing
Read More
Submitting your tip... please wait!
exblackbird
Posted on August 18, 2012 at 11:29pmthat dependency need not exist……………
throw the stoopid dumbmass in the white house out this coming november and begin an aggressive program to develop ALL natural resources that will reduce that dependency……………
it aint rocket science…….lets just DO IT !!!
Report this comment
KidCharlemagne
Posted on August 17, 2012 at 4:13pmFormer Reagan Treasury Secretary and later Secretary of State James A. Baker explains the U.S. relationship to Saudi Arabia in a 2001 interview with PBS:
—————
“Why are we their security? We’re their security because we have a self-interest in making sure that those energy reserves in the Persian Gulf don’t fall under the control of a country that is adverse to the United States.
As I told you, I worked for four administrations under three presidents. And in every one of those, our policy was that we would go to war to protect the energy reserves in the Persian Gulf. That is a major and very significant national security interest that we have.”
http://www.pbs.org/wgbh/pages/frontline/shows/saudi/interviews/baker.html
This is the main reason why you will never see an ‘Operation Saudi Freedom’ ever occur inside Saudi Arabia. Any sort of democracy movement that attempts to spread its wings there would be crushed by the sheiks (with U.S. assistance, of course).
Report this comment