Sunday, September 16, 2012

Obama's backward 'transformation' of the US includes forcing us to rely more on Mid East oil which we'd grown away from. Not very good timing.

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The US had greatly reduced its dependence on Saudi oil but under Obama,
unsuspecting Americans have been forced into the suicidal position of relying more on Saudi oil at the worst possible time:

8/28/12, "Obama Policies Making US More Dependent on Persian Gulf Oil," InstituteForEnergyResearch.com

"Oil imports from the Persian Gulf have increased significantly this year due to decreased oil production from the federal waters off the Gulf of Mexico, declining production of crude oil in Mexico and Venezuela, lack of pipelines to import more Canadian oil, and the configuration of Gulf Coast refineries to process heavy crude oils. The Obama Administration seems to be untroubled by this direction since it feels it can use the Strategic Petroleum Reserve in the event of a crisis. However, the Obama Administration can take positive steps now by approving the Keystone Pipeline, opening more federal lands to oil production, and creating an environment that promotes oil and gas drilling. Taking those steps, the United States could be almost independent of overseas oil within 15 years." (end of article)

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8/16/12, "U.S. Reliance on Oil From Saudi Arabia Is Growing Again," NY Times, C. Krauss

"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....

“At a time when there is a rising chance of either a nuclear Iran or an Israeli strike on Iran’s nuclear facilities, we should be trying to reduce our reliance on oil going through the Strait of Hormuz and not increasing it,” said Michael Makovsky, a former Defense Department official.... Senior Iranian officials have repeatedly threatened to close the Strait of Hormuz, the narrow neck through which most Gulf oil is shipped, and the Iranian navy has held maneuvers to back up the threats."...



Graphs from NY Times, 8/16/12, "Turning to the Middle East," source: EIA


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