America Needs To Regain Its Independence
Even though the U.S. has the world’s largest military,
and the biggest GDP,
(the EU is not a county)
it is:
1) Pleading with Russia to help with Iran.
2) Cozying up to Gadhafi and Chavez.
3) Ignoring pleas for help from Iranians that want to overthrow a savage regime.
4) Staying silent about China’s human rights abuses.
5) Leaning on Israel.
Why is America doing all of the above and much more too?
Because it is has not developed its plentiful energy resources, and is therefore becoming increasingly dependent on outside loans and oil with every tic of the clock.
The United States is running a projected $2 trillion annual deficit, while adding to an existing $11 trillion national debt, meaning that America is getting poorer, whilst its enemies are getting richer.
Russia is now the world’s second largest oil exporter, and it’s cash rich and just waiting for a new energy crisis to hit, after which it will attempt to regain much of its former influence.
Iran, Libya and Venezuela are all major oil exporters, so it’s lunatic leaders are allowed to verbally attack the United States in New York from the UN platform, and whilst Obama warmly hugs Chavez, he treats Netanyahu as if he has swine flu.
China is America’s largest foreign creditor, financing its growing budget shortfalls at an increasing rate of interest, and it now believes it has the right to question the U.S. as to how it intends to finance the proposed health bill.
America Needs To Develop Its Oil And Coal Resources
Obama is correct to encourage the development of alternative energy sources, and in wanting to curb America’s imports of oil which would not only bring down the global price of oil, but also lessen its dependence on rogue regimes, but much time will be needed to reach a new age of non-carbon fuels
America therefore needs to better exploit its existing oil and coal ,and recent large finds in North Dakota, Alaska, California, and off the Gulf Coast suggest that America could fairly easily win back its independence, and end the need to fawn and cringe before countries that hate it.
Last 10 posts by Michael Redbourn
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