Tuesday, March 29, 2011

Who needs their oil, anyway? ~ By Herman Cain

A revitalized and responsibly unleashed energy sector could be a significant economic stimulus to our economy right here at home.

Working families can't afford to spend more of their discretionary income on gasoline and energy costs, especially in a stalled economy.

America can't afford to continue spending billions of dollars to buy something that we can produce right here at home if we stop sitting on it. We must stop making other countries rich at our expense.

It's not just economic. It is common sense and a matter of national security.

This column will tell you what Herman Cain's energy policy would be if he was President of the United States! Wait, did I say that? Of course I did, because it is no secret that Herman Cain has an exploratory committee set up to determine if he should run for President.

The brilliance of this article is in helping people to understand that when energy prices increase, it ripples through the economy. Energy prices are directly related to the prices you pay for groceries and the number of jobs that are available. So, isn't it just common sense to develop our own energy in America, create jobs, and avoid having to purchase energy resources from countries that don't like us?

Who needs their oil, anyway?

By Herman Cain

March 28, 2011 ~ 1:00 am Eastern

© 2011

In the early 1970s, America's dependence on foreign oil was a little over 20 percent. Today, our dependence on foreign oil is over 65 percent. We have become more and more energy dependent because we have never had a serious energy independence strategy, and we still do not have one.

Energy independence is within our grasp because we have plenty of energy natural resources. We have billions of barrels of oil, plenty of natural gas reserves, more coal than any other country in the world, lots of places we could build dams for hydroelectricity and some of the safest nuclear power technology in the world.

Wind and solar energy development is not going to get us to energy independence. Studies such as the Department of Energy's "Billion Ton Study" have shown that those two sources could at best provide 5 percent of our energy needs combined.

But by maximizing all of our other domestic energy resources, we could become energy independent. This would not only help to keep down the cost of gasoline and the cost of nearly everything we buy, but it would also be a boost to our economy and create hundreds of thousands of new jobs. But most importantly, energy independence would keep us from being vulnerable to the current instability in the Middle East or the whims of OPEC.

READ FULL STORY at WorldNetDaily.com

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