From: Gene McAloon 

On Wed, 29 Oct 2003 17:47:56 -0500, Judy Folkenberg
 wrote:

>
>
>John Cuccia wrote:
>
>> >>>That and the fact that the Saudi have over a barrel, literally.
>
>Bring on the hybrid car, the electric car, the solar car, the battery operated
>car....heck a horse drawn carriage!  Any vehicle that requires less dependance
>on the middle east.
>
>Judy

There is no dependence on Middle Eastern oil. We willingly buy that oil
simply because it is cheaper than buying anywhere else. That decision was
made back in the 1950s. Remember too that this country has more oil than it
knows what do with in the form of shale oil.  The oil companies own most of
that too, but it is cheaper and easier to buy crude elsewhere.

Even without that factor, we are not over some sort of barrel. That is
sheer fiction. The Middle East and other developing country oil producers
need to sell
their oil just as much as we need to buy it. The so-called oil embargo of
the early '70s proved that. Not a single OPEC producer reduced its output
during that time and didn't because it couldn't afford to do so.

>

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