Obama and Clinton Reject a Future With American Oil

Saudi Arabia’s drifting dunes flow and ebb over 268 million acres of crude-filled desert, making it the oil-richest nation in the world.

America, once the richest nation in the world partly because of its own gigantic domestic oil reserves that flowed like our own rivers and lakes, is on its way to second-class status as a world power because the powers that be are choking off our new oil reserves, and letting the dollar-denominated debt flow instead.

At the core of this entire shift in power is a major change in players and ideologies leading up to our 21st century. And whether or not you think oil is the perfect fuel until a replacement can be found, or you want to see its obsolesce because of climate change, one thing is clear – An America that was once an oil leader has gone blind on oil.

Not to go all 7th grade history lesson on you, but remember that following World War II and under the tutelage of Presidents Franklin Roosevelt and Harry Truman, Saudi Arabia clearly fell under influences of the United States. We exchanged state-of-the-art military technology and protection for oil security.

However, in a very few short years the smooth political relationship between Riyadh and Washington was beginning to frazzle. In 1965 OPEC – which was founded in Iraq, by the way, and whose headquarters since 1965 has been tucked safely away from the Middle East in Vienna (what does that tell you about what they knew was coming?) – believed it was giving away its non-renewable resource for pennies on the dollar. (Read more from “Obama and Clinton Reject a Future With American Oil” HERE)

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