Floating on an Ocean of Imports

The US imports a lot of crude oil to keep our vehicle fleet fueled. Currently we are at about 9 million barrels per day. At a price of $80 per barrel, that is costing the nation $720 million each and every day. The Illinois state debt of about $120 billion could be paid off in half a year with what the nation spends on importing oil. Now that says something. Not only do we spend a fortune on foreign oil, but we are so badly in debt that even the fortune we spend on oil is not enough to pay it all back quickly! It is safe to say that we are consuming money and resources well beyond healthy limits.

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