“It is a fact that fully a 1/3 of the run up of the cost of crude oil is directly tied to the drop in the value of our dollar.”....because half is imported. Produce it in the USA, that problem goes away. so a simple solution in the near term is more rigs in the USA (like Natural gas, still cheap)...and less imports. Today, Cuba is stealling Florida’s oil....we could wait til it’s all gone to drill, look at it as indirect aid to a communist.
Florida's domain doesn't extend out 45 miles from their shores. The oil in the Gulf of Mexico at the border of the US and Cuba's EEZ is Federal; it belongs to all of us. However, the influence of Florida politicians keeps us from producing our resource.
Uhh, inflation is inflation. It doesn't matter where it's produced, the dollar only has a certain buying power. And oil is still traded globally, at the global trading price. This isn't that hard of a concept.