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America get most of our oil from Saudi Arabia Iraq Venezuela.
It's what people think.
Where -- most of our oil comfort.
Middle East in the Gulf of Mexico when we buy gasoline do we help fund terrorism is the -- it pumps money into areas you don't necessarily want money to go all.
And so our political leaders tell us.
The most serious long term challenges facing our country's dependence on oil especially oil from foreign lands this -- yeah.
Towards more energy independence and that's good for everybody.
Good for people's pocketbooks.
It's good for the environment.
It's good for our national security.
We don't want our economy dependent on something that happens.
On the other side of the world.
Right so we should become energy independent and Frank Gaffney of the setter for security policy agrees with that.
But Jerry Taylor from the Cato Institute says independence is nonsense.
If we were energy independent there were simple as supply disruption in the Middle East it would increase the price of Middle Eastern crude and American crude pretty much the same amount as a global market -- a fungible commodity.
Energy independence does not protect you against its bad stuff that happens abroad -- at least we stop funding terror.
There is no correlation between how much money goes the Middle Eastern terrorist attacks you can you can look at the data and find differences al-Qaeda built up its infrastructure and its military capability in the 1990s.
Oil prices in the 1990s were the twenty dollar -- -- 125 dollar barrel range didn't take very -- thing to do that.
If you look at the data with regards to terrorist attacks the tallies from terrorism and oil -- -- find there's no correlation whatsoever.
Dollars are not the limiting factor for global terrorism frank.
I would argue that if you do nominates an energy independence in terms of oil.
If you want to change the game entirely.
You denominated in what we might call fuel choice.
You have an earlier segment about a from home that's an expensive way to get fuel choice and in expensive way to get fuel choice.
Is by taking the abundant quantities of natural gas that we have now.
And turning in and about the ball and making -- a transportation fuel which when available to the consumer.
As an option.
In addition to gasoline.
In addition perhaps -- You suddenly creates conditions that actually can destroy OPEC think about Boston.
There's a -- up in Boston that was an incubator for the terrorist attack there.
Mosque has its financing from Saudi Arabia via a direct kind of thing that -- makes a real difference here are security.
I want to believe it because I believe almost everything that -- suggests but -- -- idea -- The idea that is it is stop throwing money to these.
Madrassas in Saudi Arabia and that could teach people.
That Americans deserve to die sound Smart in the process here.
If the United States didn't send its money to Saudi Arabia for crew that's we get about 10% of our -- -- -- tempers from from sorry let's say we just -- from there than Dorsey Dorsey produces Great Britain Norway or whatnot.
It wouldn't matter much we just displace the customers -- previously sold to them by from the saudis it would reduce their oil prices profits any.
The idea that our actions by buying crude oil from these producers somehow -- -- -- -- word otherwise.
Would be is to simply not true and -- you actually are using another fuel.
In the mix and this is the point meanwhile we don't want to destroy -- -- -- you guys like.
Consumers to have -- -- you like I believe yes choice guys like libertarians like us I think I'm saying.
That if you actually create fuel choice and this I know sit down gentlemen.
This requires the government sang with like the consumer to have fuel source -- is a metadata government have.
Because what's happened here this is really an important point what's happened here is we have.
Thanks to the mandate in Brazil.
Seeing auto manufacturers in this country making cars that can use other fuels alcohol based fuels like ethanol they just don't market them that way in our country.
Since about 2007 and if they -- or -- -- no not so they want as long as at the moment.
They're exclusively configured to use gasoline until we get our cars off of what I think of his castle -- wisdom.
You're going to have white -- stuff force that I want I want them to do is -- wanna say we want the consumer to have fuel choice if.
And when methanol can compete with gasoline you know he demanded a darn thing people make a profit by bringing in the marketplace the reason we rely on gasoline transportation markets.
Is it is the cheapest fuel available to us now you're right about one thing compressed natural gas pump methanol but compressed natural -- -- under priced gasoline right now.
The problem was I think you understand.
Is it would take hundreds of billions of dollars to invest in the infrastructure necessary to get -- gas stations CIO take gas stations delivery pipelines and he's about what is a reasonable exceptions restaurants is not clear will be.
Profitable sanity check -- usually if you actually open the market to methanol.
My guess is you're gonna find the cost of -- and all dramatically declining.
The fact that's what the economists and they don't says stimulus check is it not been used on me before that got my attention high -- -- -- there and I should answer the question I asked before where is our crude oil come from.
Most of it most 43% from America next is Canada.
Then Saudi Arabia Mexico's fourth Venezuela after that Iraq it's -- Larry.
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