Economic Security: Will the Third Oil Shock be the Charm?

Your Energy and Economic Independence: What You Really Pay for Oil.The cost to the U.S. economy over the past 25 years of over reliance on OPEC oil, including the cost of price shocks, is estimated at $4 trillion, and a price shock in 2005 would cost the U.S. economy half a trillion dollars. Oak Ridge National Laboratory, October 2, 1996 Labor Day 2008 gave me some time to reflect on our country's economic independence. On July 4th we had just celebrated how our country won its quest for economic independence and personal freedoms. Do we really have economic independence today and what freedom...Original article link