Here is some good news in my view. Despite nearly 40 years of political claptrap to reduce our dependence on foreign oil, technology from the private sector, not cockamamie pie in the sky, physics-defying dumb ideas will deliver it. That is, unless of course Washington snatches defeat from the jaws of victory, which it is 100% capable of doing. I went looking for data on our dependence on foreign oil since the first oil shocks of the 1970s. There is one significant dip in the import percentage Figure 1 and that is due to (1) a deep recession in the early…
Read More
