Ronald Stein is an engineer, senior policy advisor on energy literacy for the Heartland Institute and CFACT, and co-author of the Pulitzer Prize nominated book "Clean Energy Exploitations." Seems that no one remembers the Oil Embargo of 1973, just 50 years ago! In 1973, the Organization of Arab Petroleum Exporting Countries imposed an oil embargo against the United States, triggering a crude oil crisis that sent the U.S. economy into a recession.
Today, California, the 4th largest economy in the world, California is importing almost 60 percent of its crude oil demands from foreign countries, to support the States' 9 International airports, 41 Military airports, and 3 of the largest shipping ports in America! Now, after 50 years, the Department of Energy is comprised of approximately 14,000 federal employees and over 95,000 management and operating contractors, and 83 field locations, and a $48 billion dollar budget, the United States remains a net crude oil importer.
50 years after the oil embargo crisis of 1973, there remain no American policy for crude oil independence.
In the aftermath of the 1973 oil crisis, the Department of Energy was established 46 years ago in 1977 to lessen our dependence on foreign oil.
The USA consumes about 19 million barrels of oil per day, while the United States and California are pursuing the elimination of crude oil production to focus on wind turbines and solar panels to generate electricity, China has no intentions of abandoning its economic, military, or strategic ambitions-all of which rely on non-renewables such as crude oil and coal.
Co/156-ronald-stein-energy-security-is-a-real-problem-around-the-world-countries-go-to-war-over-energy-security-but-when-does-a-state-become-a-security-risk/ Americans have obviously have not learned much in the 50 years since the Oil Embargo of 1973, as the following persist: California, the 4th largest economy in the world, was virtually independent of foreign oil in 1973, but now imports MOST of its crude oil demands to run the States' 9 International airports, 41 Military airports, and 3 of the largest shipping ports in America, AND The USA remains a net importer of foreign crude oil, AND The possibility of importing manufactured fuels and petrochemicals from new Asian refineries in the coming years to support the American economy may soon become a reality.
In the meantime, under the watch of the Department of Energy that was established in 1977 to lessen our dependence on foreign oil, with a $48 billion dollar budget in 2023, 14,000 federal employees and over 95,000 management and operating contractors, they have "Allowed" California, the 4th largest economy in the world, to increase its dependency on foreign crude oil from 5 to almost 60 percent!
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