Well, it would mean that we could transfer more money from taxpayers to private corporations, and mean that we could be sure that in the future, we'll run out before others.
To say the ANWR oil would be the answer is to ignore reality. The latest Iraq War estimates put us at about $1,500,000,000,000 that we've borrowed from China. Heck, the ANWR oil (even at current $100/barrel prices) doesn't come near that!
Until we start acting responsibly, getting our runaway spending under control and not borrowing from the ChiComs to go on expensive foreign adventures, we're gonna have to face rough decisions. The money we borrowed and dumped into Iraq could have paid for years of our foreign oil consumption. Is it any wonder our economy is facing consequences?
I think you have a point about not using our oil.
We are in a ruff patch here though.
I dont understand why we help China at our expense.
We have more controls on us than them.
I spent $81.00 to fill my sedan's tank with diesel fuel yesterday.
The rebate loan has to be repaid to China and the excessive fuel cost goes to our other good friends in Saudi Arabia.
“Until we start acting responsibly, getting our runaway spending under control and not borrowing from the ChiComs to go on expensive foreign adventures, we’re gonna have to face rough decisions. The money we borrowed and dumped into Iraq could have paid for years of our foreign oil consumption. Is it any wonder our economy is facing consequences?”
The French Revolution comes to mind...
We borrowed $1.5 trillion from China? When?