SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (273593)2/12/2006 7:51:04 PM
From: Amy J  Read Replies (1) of 1576882
 
Mindmeld, can you believe it:

The U.S. foreign oil bill soared to a record $251.6 billion, up 39.4 percent from 2004.

biz.yahoo.com

AP
U.S. Trade Deficit Hits All-Time High
Friday February 10, 9:39 pm ET
By Martin Crutsinger, AP Economics Writer

Commerce Department Reports U.S. Trade Deficit Soars to All-Time High of $725.8 Billion in 2005

The U.S. foreign oil bill soared to a record $251.6 billion, up 39.4 percent from 2004.

Dorgan said the new deficit figures showed that U.S. "trade policy is an unbelievable failure

------------------------------------------------------

We're seeing on different fronts different leaders who are pushing back," he says, "with the idea of resisting the West." It is "no coincidence" that all three countries are "flush with oil money" that allows their leaders the luxury of promoting their causes, he adds.

The current circumstances should also encourage the US to reduce its use of all foreign oil, he adds.

"It takes ready cash to fiddle with politics outside your borders," he says, "and thanks to oil prices that's something that all of these leaders [Iran, etc] have."

news.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext