Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, June 28, 2006

US imports Could Hit 80% in 2010 -- and THEN It Gets Ugly!

I was reading a post on another site today written by someone who said we should NOT conserve because that's expensive and a bunch of third-world dictators would just use the oil instead. I'm paraphrasing, but that was his basic point.

The logical flaw in the "use the oil before the bad guys get it" theory should be obvious.

Take a look at this chart and see if you can spot an ugly trend...

Do we really want to be MORE dependent on oil we have to purchase from Osama bin Laden's sugar daddies in the Middle East? I think not.
Check out my new gold and energy blog at MoneyAndMarkets.com