Three Dangerous Stooges Ahmadinejad, Chávez, and Qaddafi.
America had better pay attention. The president is to be congratulated for pressing for more alternative energy and conservation to curb our imports and bring down the global price of oil. But until we reach a new age of non-carbon fuels, we must far better exploit the oil and coal we have. Recent large finds in Alaska, California, North Dakota, and off the Gulf Coast remind us that America has plenty of oil left. Its rapid development would lower our import bill, reduce global prices, and take some profits out of these repugnant three regimes.
Our enemies have cash; we don’t. The United States is running a projected $2 trillion annual deficit, while adding to an existing $11 trillion national debt.
That makes it hard to, say, ask rich, cocky Russia for help with Iran. Vladimir Putin’s regime is now the world’s largest oil exporter, flush with money and waiting to regain even more of its former influence when the next energy crisis hits.
China is our largest foreign creditor, financing our g