In his presentation Mike Milken explores foreign oil dependence for the USA and presidential statements:
President Richard Nixon (in 1974 with 36.1% of oil from foreign sources): “At the end of this decade, in the year 1980, the United States will not be dependent on any other country for the energy we need.”
President Gerald Ford (in 1975 with 36.1% of oil from foreign sources): “We must reduce oil imports by one million barrels per day by the end of this year and by two million barrels per day by the end of 1977.”
President Jimmy Carter (1979, 40.5%): “Beginning this moment, this nation will never use more foreign oil than we did in 1977 – never.”
President Ronald Reagan (1981, 43.6%): “While conservation is worthy in itself, the best answer is to try to make us independent of outside sources to the greatest extent possible for our energy.”
President George Bush (1992, 47.2%): “When our administration developed our national energy strategy, three principles guided our policy: reducing our dependence on foreign oil…”
President Bill Clinton (1995, 49.8%): “The nation’s growing reliance on imports of oil… threatens the nation’s security… [we] will continue efforts to…enhance domestic energy production.”
President George W. Bush (2006, 65.5%): “Breakthroughs…will help us reach another great goal: to replace more than 75 percent of our oil imports from the Middle East by 2025.”
President Barack Obama (2009, 66.2%) “It will be the policy of my administration to reverse our dependence on foreign oil while building a new energy economy that will create millions of jobs.”
Related: Oil Consumption by Country in 2007 – Google’s Energy Interests – South Korea To Invest $22 Billion in Overseas Energy Projects
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While it’s true that we need to reduce our dependence on foreign oil by finding alternative energy sources and getting our oil (safely) out of the ground, there is another problem that is just as bad. The American people don’t even support their own country and its workers when they can! Try supporting your friends and neighbors by buying American!! Stop sending your money to Japan and Korea until they start buying Ford and GM products and other products as well. The thing is that they are a great deal smarter than the average American they at least realize that you cannot keep sending all your money to a country that does not send anywhere near as much back. You, those who do not buy American products, are the biggest cause of this country’s poor economy and high unemployment.
The USA consumed 18.7 million barrels a day in 2009. Only China was also over 5 million barrels, they reached 8.2 million in 2009. Japan is next at 4.4 million…
The chart show 3 clear leaders in production Russia, Saudi Arabia and the USA (with the USA firmly in 3rd place). Those 3 were responsible for approximately a third of the total oil production in 2009…