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08 Nov 2007 02:07 pm
The Oil Hydra
VDH:
The nearly half-trillion dollars we will soon pay for imported oil does a lot more than prop up Russia's Vladimir Putin, Venezuela's Hugo Chavez and Iran's Mahmoud Ahmadinejad. The petrodollar drain also contributes to our trade deficits, falling dollar and a general demoralization of the American people.
Our oil habit not only makes us dependent on some creepy suppliers, but we look like fools as we work nonstop to hand over our earnings to those who are rich by an accident of sitting atop oil someone else found and developed.
I'm worried. Agreeing with Hewitt and Hanson in the space of half an hour? Are the ideological tectonic plates shifting again?
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