Yes, the value of the dollar is very important. The budget situation is important, so far as it impacts the value of the dollar. I would argue that it is difficult to draw a direct connection between the budget deficit and the value of the dollar, however. I DO think I could make a connection between the strength of the economy and the strength of the dollar.

In reality, reliance on foreign oil is only somewhat a factor–less than you would think. It’s relevance is indirect. The relevance is that American oil is more reliable than oil in, say, Iran where the Israelis (or the US) may choose to bomb to prevent nuclear proliferation. Or worse, we may choose NOT to bomb them and let them get nuclear weapons. In other words, we need a larger amount of the oil coming from politically stable places rather than politically unstable places. For instance, if the UK suddenly were able to bring 5 M barrels per day on line, that would be OK too.

But the fact is that it is the US that has the reserves that are out of bounds, not other countries. We are the ones that are smashing our thumb with a hammer–on purpose.

The Pelosi Pump Premium is primarily that she is fiddling while Rome burns, so to speak. She is preventing a majority from getting what they want by means of authoritarian tactics.

Energy Independence NOW!