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U.S. should cultivate friendly oil. (Competing Interests).


Why are we importing oil from countries that are exporting lethal terrorism by groups who hate our freedoms and despise our way of life?" Senator Conrad Burns wondered out loud. In a September speech at the National Press Club in Washington, the Montana Republican bluntly discussed the risks of America's dependency on rogue oil. "Last year," he said, "we sent $4 billion to Saddam Hussein in oil money. Some of our allies call it Oil-for-Food. But I say we call it what it is: Oil-for-Terror."

Such transactions likely subsidized Iraqi intelligence officer Ahmed Al-Ani's April 2001 meeting in Prague with September 11 ringleader ring·lead·er  
n.
A person who leads others, especially in illicit or informal activities.


ringleader
Noun

a person who leads others in illegal or mischievous actions

Noun 1.
 Mohamed Atta. Moreover, U.S. imports of Arabian crude unwittingly help Saudi-backed charities pay $5,300 each to the families of West Bank homicide bombers.

"As Americans pumped money into the oil kingdom, the royal family was pumping millions into radical religious schools at home and abroad, globalizing their strict 18th century Wahhabi brand of Islam," Stanley Weiss, former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of American Premier and chairman of Business Executives for National Security, wrote last spring in the Los Angeles Times Los Angeles Times

Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name).
. "From these hotbeds of hate graduated Osama bin Laden Osama bin Laden: see bin Laden, Osama.  and 15 of the September 11 hijackers."

How can America stop sending blood money to those who kill us and our friends?

Step one should be to increase domestic petroleum production. Unfortunately, environmentalists and stunningly myopic my·o·pi·a  
n.
1. A visual defect in which distant objects appear blurred because their images are focused in front of the retina rather than on it; nearsightedness. Also called short sight.

2.
, overwhelmingly Democratic senators have blocked even modest oil exploration in Alaska's Arctic National Wildlife Refuge The Arctic National Wildlife Refuge (ANWR) covers 19,049,236 acres (79,318 km²) in northeastern Alaska, in the North Slope region. It was originally protected in 1960 by order of Fred A. Seaton, the Secretary of the Interior under U.S. President Dwight D. Eisenhower. . Offshore oil drilling is largely off limits and fields in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS.  are pretty much tapped.

Step two, then, is to help develop overseas oil resources outside the Middle East. Ample resources exist in places that are not engaged in anti-American jihad. Abutting Russia and Kazakhstan, the Caspian Sea boasts proven reserves of 33 billion barrels of oil. Some 233 billion more barrels potentially could be uncovered there, equal to at least 20 percent of Earth's reserves.

Russian oil deposits may be even more generous. Roughly 49 billion barrels rest below that country's vast land mass. With minimal outside investment, Russia already pumps 6.9 million barrels daily, almost as much as Saudi Arabia. Jeffrey E. Garten of the Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Hillhouse Avenue in New Haven, Connecticut, United States. The School offers M.B.A. and Ph.D. degree programs.  believes that by modernizing its antiquated pipelines, Russia could pump as much as 10.4 million barrels. Privatization and the introduction of Western engineering would transform Russia into a key oil producer, furthering Russian prosperity in the process.

The Gulf of Guinea Noun 1. Gulf of Guinea - a gulf off the southwest coast of Africa
Bioko - an island in the Gulf of Guinea that is part of Equatorial Guinea

Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa
 also could help satisfy U.S. oil demand. As National Review's Rich Lowry argues, U.S. investors and diplomats could serve America well if they could overcome "a sneering tendency to dismiss the strategic significance of anything African." The largely offshore oil fields between the Ivory Coast and Angola yield low-sulfur petroleum. This is perfect for developing gasoline at U.S. refineries and is easily transported across the Atlantic. By contrast, tankers full of Persian Gulf oil must traverse the Straits of Hormuz, the Suez Canal and other choke points. By 2006, Sub-Saharan Africa could supply 8 million barrels daily, up from 4 million today.

Step three: Canadian oil sands--a mixture of clay, sand and water that contains a molasses-like form of fuel--could offer a nearby, friendly fuel source. By liberating a fraction of the 300 billion barrels of oil that adheres to sands in Alberta, Syncrude last year produced 223,000 barrels a day. It hopes to generate 360,000 barrels by 2005 and 550,000 by 2012. The mounting labor costs and high capital investments required to extract, truck, process and reclaim oil sands financially challenge this industry. Still, CEO Rick George told shareholders on April 26 that he remains confident of "our goal of being the lowest-cost oil producer in North America and one of the top 10 publicly traded oil companies in the world."

As America wages its War on Terror This article is about U.S. actions, and those of other states, after September 11, 2001. For other conflicts, see Terrorism.

The War on Terror (also known as the War on Terrorism
, it immediately should adopt a strategy to reduce or eliminate our reliance on rogue oil. We should follow the advice Winston Churchill offered as World War II loomed: "Safety and certainty in oil lie in variety and variety alone."

New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 commentator Dewy dew·y  
adj. dew·i·er, dew·i·est
1. Moist with or as if with dew: dewy grass in early morning.

2. Accompanied by dew: a dewy morning.

3.
 Murdock is a columnist with the Scripps Howard News Service and a Media Fellow with the Hoover Institution at Stanford University. Send comments to compinterests@chiefexecutive.net
COPYRIGHT 2002 Chief Executive Publishing
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Author:Murdock, Deroy
Publication:Chief Executive (U.S.)
Geographic Code:1USA
Date:Nov 1, 2002
Words:714
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