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E C O N O M I C S
w i t h E D W A R D T R I M N E L L
February 20, 2008
Oil over $100
Yes, I’m going to get on my soapbox again about foreign oil:
This is nothing new. OPEC has been holding oil over our heads since 1973---35 years now. (Your middle-aged host was in kindergarten back then.)
Our foreign oil addiction funds lots of very unsavory causes: the Saudi government, Islamist terrorism, Hugo Chavez, Iranian weapons programs, Hugo Chavez.
In the long run, developing alternatives to oil is much cheaper than sorting out the religious and political conflicts of the Middle East---which can ultimately only be sorted out by the people living there.
The development of an alternative to foreign oil should be one of our top two or three national priorities.
Breaking our oil addiction without a return to the age of the horse and buggy is well within our capabilities. We only lack the will. If we can put a man on the moon….
Well, you know the rest.
