Tuesday, September 4, 2012

U.S. Reliance on Saudi Oil Back Up


As the Democratic National Convention begins in Charlotte, I have a new video up on the Pickens Plan website to help focus on energy. I talk about the fact that our dependence on OPEC oil is going in the wrong direction. I point to a headline in the New York Times that said U.S. Reliance on Saudi Oil Back Up.
The main concern is the oil from Saudi Arabia and the other Gulf States moving through the Strait of Hormuz. About 17 million barrels a day move out of the Persian Gulf. Only about 2.2 million is bound for the United States.   
That means our Navy, Marines, Army and Air Force are paying the price to protect the 87 percent of the oil moving through the Strait of Hormuz bound - mainly - for Europe.   
If we can get on our own resources and trade imported diesel for domestic natural gas as the principal transportation fuel for heavy-duty trucks, we can say goodbye to those 2.2 million barrels a day and bring our service members home.   
Watch the video. I think you'll find it very useful and informative.   

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