Rate American stupidity - $20 billion on foreign oil in December

And that's a cheap month

For months America's oil demand has been crashing, despite considerably lower gas prices than just 6 months ago.

The price of a barrel of oil has declined to less than a third of 2008 highs.

Yet, America still spent $19.3 billion on foreign oil in the month of December.

And THAT's a BAD month, at least as far as the exporters of America's foreign oil are concerned. For America it was a fricken bargain.

Almost $20 billion a month is a deal!?! Are we stupid? Finish: Rate American stupidity - $20 billion on foreign oil in December

Are you ready for $7.00 gas?

Oil futures torching the economy

Oil futures topped $140 per barrel today for the first time ever. And as if the news couldn't get worse, a new CIBC study suggests that oil will hit $200 per barrel by 2010, equating to $7.00 per gallon gas.

How will $7.00 gas affect you?

Windfall profit tax on oil companies?

Forget windfall taxes

Warren Buffett, an open advocate for Barrack Obama, was on CNBC this morning, where he called windfall profit taxes on oil companies a very bad idea. Democrats and Barrack Obama have been big supporters of a windfall profit tax on oil companies, but Buffett thinks its a bad idea. So, I'm assuming all the talk coming out of the Democratic Party is just rhetoric. Read more about Warren Buffett talks oil.

Anyway, rate the idea of a windfall profit tax on oil companies. Is it scapegoating, or a good idea?

Foreign oil dependency: Rate President Bush

Foreign oil dependency, Iraq and Bush

Today, there is an article on CNN's Political Ticker, The Donald: Time for Bush to go into hiding.
In the article, Donald Trump reiterates his belief that George W. Bush is probably the worst President ever - a sentiment which seems intrinsically linked to the War in Iraq.

Yet, would the War in Iraq have happened if not for America's foreign oil dependency? Would 9/11 have happened?

How responsible is Bush for America's foreign oil dependency? How responsible are other politicians? How responsible are the people of America?

Finish: Foreign oil dependency? Is Bush the worst President ever?