Is America The Key To Other Countries' Success?

With all of the chaos going on in Libya and Saudi Arabia lately, it’s difficult to understand what this means for your portfolio. Is there really an explanation for the huge run-up of OIL costs over the past few weeks? Well yes, Libya does supply 2% of the world’s oil supply, and yes, we are dependant on foreign oil-producing countries for a source of energy. But I also do believe that we can and should start drilling our own OIL reserves to get back into the game and once again become the great American Country that we once were. By beginning tapping into our own oil reserves we will be able to wean ourselves off foreign influence for our dependency of OIL that helps us complete simple tasks such as driving a car to work.

            By searching elsewhere for oil we are DIRECTLY funding the other countries’ economy at the expense of our own. Not to mention that we also put foreign workers to work and we continue to accept that millions of workers in American are STILL unemployed.

            After drilling our own oil, and funding American growth we will be able to expand our horizons and put workers to work creating things such as solar panels and wind turbines from which sources of energy will be present until earth no longer exists. Being one step ahead of the rest of the world is essential to American Industry as this is what makes a great nation; having great technology which everyone else wants.

Do America a favor and stop funding other countries’ success!