Why squander what we have here first? I don't give two shits that we are using foreign oil one bit, and I am against us opening up the off limit drilling areas for some time to come. Doesn't it make more sense to squander others oil reserves while keeping ours in "savings" for the future? Who cares that oil is $130 a barrel, it will be $1,000 at some point in the future and we will have our own.
I have held the above position for decades. I can't imagine why we would want to use ours at this price level. JB
I've thought this too, if the world is willing to trade us an invaluable resource for a bunch of IOU's I say do it. It will be funny when the shieks have no more oil and all they have to show for it are fast cars and other baubles.
To paraphrase dubya; "The problem with our economy, is that increasingly, more of more of our imports are coming from overseas"-re trade deficits. "Smells like money, to me"-dubya, re, smell of oil. ""Others, call you the elite....I call you my base." -dubya, re; fundraising speech.
The logic you espouse doesn't make sense on several fronts. First, we'd need over 200 years to get their supplies down to a level where ours would make sanse. Second, it doesn't take into consideration evolution of technologies. I don't think that we will be making any major strides for about 50 years in the arena of viable alternatives. No matter how much cash you dump into R&D at this juncture. As a concert strategy, we should be looking to add to our ability to self-sustain and that is not hard to do responsibly using all the options. In any event, I want the government out of the mixture as it tends to do no more than make a platform for grandstanding for both sides. Politicos bring very little to the table here and we need to make sure they know that.