Monday, 20 August 2012

Raymond J. Learsy: America's Increaed Reliance On Saudi Oil Manifests the Bankruptcy of Obama's Energy Policies

So far this year America's dependence on Saudi Arabian oil has increased by 20 percent, according to a front-page article in the New York Times ("U.S. Reliance On Saudi Oil Goes Back Up" 08.17.12). After nearly four years in office, that the United States is even more dependent on Middle East oil is shocking testimony to the failure of the Obama Administration's energy policies.

We are presently importing some 1.45 million barrels of oil per day from the Saudis and at the current U.S. price for crude at $96/bbl, transferring $138 million/day to a regime that treats its women as mere chattel and has transferred billions to Wahhabi madrassas and prayer halls to propagate their poisonous anti-Western fundamentalism -- as but one example, the Times of London had the eye-opening headline "Saudis Fund Balkan Muslims Spreading Hate of the West" (please see "If You See Something Say Something' - The Failed Times Square Bombing and The Price of Oil" 05.13.10).

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