Page added on April 7, 2009
Over the last 40 years, the United States has become increasingly dependent on foreign oil and reluctant to develop domestic, fossil fuel resources. Today, America imports two-thirds of its oil at a cost of $300 billion per year, much of it from politically unstable, Middle East countries which control 45% of the world’s oil, overall.
This is occurring despite the existence of bountiful, untapped oil resources within the United States. Developing these resources could free America from imports, create badly needed, oil-production jobs and meet U.S. energy demand for the next 200 years. With nearly three-fourths of Americans favoring increased energy exploration, the only obstacle standing in the way of our energy independence is a lack of political vision and will.
We need only look to our Canadian neighbors to realize how forging ahead politically to develop oil resources could help increase our energy supplies, boost our sagging economy and increase our tax base. Canada’s experience could become our own, if we simply took the initiative and plunged ahead with proven technologies that could release not only oil from the ground, but our country from crippling, energy dependency.
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