Demand Oil In India And China Fuels U.S. Security Concerns
Increasing demand for oil in India and dollar rich China is creating security problems for the U.S. as it is forced to seek oil from sources with unstable governments.
In countries bordering the Caspian Sea, there is a growing extremist muslim element creating difficulties for oil companies. The U.S. government will spend 100 million dollars on security for the area. In countries on the western coast of Africa, the U.S. is facing massive levels of crime and corruption within the governments of the oil rich nations such as Nigeria and Gabon.
Chinas puchases of oil from countries such as Venezuela and Sudan add the additional difficulty of providing large sums of cash to nations that the U.S. currently has sanctions against. Needless to say, the sanctions have little effect when China is buying more and more oil from them.
America is shooting itself in the foot by continuing to buy products from China.
The very money we use to buy Chinese-made products is being used to purchase oil in increasing quantities by China. This is limiting the supply available to America.
So the next time you start to complain about the cost of gas, look and see where your clothes were made, or your TV, or your DVD player, etc.
If any of them say: Made in China, Shut up, you're part of the problem.
The information in this article was obtained from the Wall Street Journal.