Seems its not a convincing reason now.
The United States is significantly less dependent on foreign oil than it was in the 1970s, a shift that has substantially reduced the economy’s vulnerability to oil price shocks.
Net Exporter Status: While the U.S. imported 36% of its oil in 1973, net import reliance peaked at 60% in 2006 before falling sharply due to the shale boom. By 2019, the U.S. became a net petroleum exporter, contrasting with the mid-2000s when it imported 12 million barrels per day.
Economic Efficiency: The U.S. economy is now less than one-third as oil-intensive as it was in the 1970s. This is driven by a structural shift toward services, improved fuel efficiency (vehicle mpg rose from 13.1 in 1975 to 27.1 in 2023), and the prohibition of petroleum in power plants via a 1978 law.
Domestic Production: Fracking rejuvenated domestic output, raising U.S. oil production from 5 million barrels a day in 2008 to 13.6 million barrels a day recently. This internal supply cushion means higher global prices no longer result in the same massive outflow of U.S. dollars or the severe stagflation experienced in the past.
They don’t use rubber tires on their bikes. What retards.
Don’t confuse the nudists with the FACTS, Man! ;)
Awh, come on. Now you’re going to confuse the anti-oil people with facts.