November 23, 2007

Where did all our money go?

In 2006 we imported 10,118,000 barrels of oil per day. At current prices, that means that we are spending right at a billion dollars per day on imported oil.

Think about that for a minute. A billion dollars leaves our borders every day.

Now I know that the United States is a wealthy country, but how long can we afford to maintain our lifestyle when we are sending such large chucks of money to other countries? Unless we do something to change things we may all wake up one day in the future and ask where did all our money go.

What can we do to change things? Buy American, support renewable home grown energy source such as ethanol and biodiesel.

EIA: U.S. Imports of Crude Oil and Petroleum Products

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