Time For Embargo On Saudi Arabian Oil
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While both political parties engage in a national discussion on trade and international economic alliances, they have largely ignored the most relevant issue that has haunted our economy for four decades.
It’s time someone said it: The United States should no longer allow Saudi Arabia to hold it hostage. We continue to deal with the consequences of decisions made by an impetuous oil-rich nation that has resulted in oil prices plummeting below $30 per barrel.
As a result of the Saudi-increased output in an effort to weaken the development of the Texas shale play and other highly productive shale plays throughout the nation, our energy companies have suffered, with production slowing to a crawl and job losses climbing steeply.
It’s a concept that achieves both economic independence and decreases our dependence on foreign oil, and we in Texas are best suited to promote this plan. Instead of allowing ourselves to be bullied by Saudis, we should bolster our energy partnerships with Canada and Mexico, and support efforts to assist Pemex in developing oil resources in northern Mexico where the Eagle Ford shale extends south of the United States border.
By fully developing shale plays in North America, pursuing increased energy conservation, and increasing the use of renewables, we will satisfy our citizens’ energy needs. A modification in the refinery process, as done 40 years ago, will allow North American crude to provide the holy grail of energy independence from OPEC and the 13 thieves.
Lyle Larson, a San Antonio Republican, represents Texas House District 122.
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