Quote:
Originally posted by JanusCole
That is mainly because we don't factor in the true cost of a barrel of oil. If we could trade the defense budget required to keep oil flowing from the Middle East for the subsidies required to keep ethanol flowing out of the Middle West, then we may experience net savings.
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Unfortunately, that's myth. There is no need for military operations to keep mid-east oil flowing. In fact, although it's true that once oil is in transport it's more or less fungible, American really doesn't need any mid-east oil at all.
One of the uses for mid-eastern oil is to passify environuts here in America; it replaces oil that could be pumped here. Drilling should be done every place where oil can economically extracted, but huge areas are currently off limits. That should end as well.