Yearly Archives: 2009

Oil tankers are the floating goldmines of the ocean and it is of little wonder that pirates see them as attractive, if not imposing, targets. But with oil supplies supposedly running low, the last thing we need is for our precious barrels of liquid gold to fall into the wrong […]

Preventing a pirate attack

Apparently, there’s a global oil scam making Bernie Madoff look like a petty thief. If serial entrepreneur and Seeking Alpha columnist Philip Davis is to be believed, the world is being scammed out of $2.5 trillion, 50 times greater than the sum Madoff took from the duped investors. According to […]

The $2.5 trillion global oil scam

The US government has an historic opportunity to strengthen national security by reducing its reliance on foreign oil. There are huge policies either already in place or currently making their way through congress aimed at accomplishing this goal. Washington has made sure that the majority of public attention falls on […]

Oil demand a real threat to US security

Since federal limitations on domestic oil production in the 1980s, there has been a steady decline in US production. By 1994, the US was importing more than its total domestic production. Restrictions on supply help to drive up prices and unnecessarily contribute to US reliance on foreign oil. As much […]

Just how reliant is the US on foreign oil?