The $700 Billion Oil Import Myth—Apparently John McCain and Barack Obama Can Both Be Wrong
We spend $700 billion annually importing oil from unfriendly countries, right? The figure must be accurate because John McCain and Barack Obama both favorably cite it, right?
Ummm. Not so much.
Tags: imports | international trade | trade | Barack Obama | John McCain | oil
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More Scare Tactics to Create an Campaign Issue?
Boone Pickens, the source of the rumored maybe exaggerated oil export $ number, said upfront that he was running a non-partisan campaign (the Pickens Plan), and both political parties took him at his word. Boone only ever said he was in it for the money.
But this all sure fits with the scare tactics of the oil speculators in creating an issue for congressional republicans. Funny how oil dropped like a rock with the stock market. Its clear that the price gauging with gas prices was a gimmick for some to get rich, or promote their election campaigns. Remember those House of representative Repugnuts spending their congressional break promoting their scare tactic solutions to high oil prices. Almost if they knew that gas was just going up! Yes, the price of crude was pimped up until their margins were called in.
Similiarly is the exaggerated oil company ads and Republican spin promoting offshore drilling suggesting there's plenty of oil in North America - there is, but its all in our biggest supplier of gas and oil neighbor, Canada!
Boo -so scary those Canadians, why they are almost socialists, aren't they.
$700 billion....
sounds like the go to number. I think we have let our forefathers down..... is this ( McCain and/or Obama) the best we got? "..... so far, so fast....." down, down, down.
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