America’s thirst for OPEC oil comes at a steep price. Nefarious groups operating in countries the U.S. buys oil from, such as Qatar and Kuwait, are funding ISIS and al-Qaeda. These terrorist groups are benefitting from these countries’ oil and gas wealth, much the same way cartels are in our hemisphere. Last year we bought 122 million barrels of crude oil and petroleum products from those two countries, and a total of 1.36 billion barrels from their friends in the OPEC cartel, at a cost of $132 billion.
We are paying for both sides of this endless Middle East war. And Washington says we’re unlikely to stop. The U.S. Department of Energy’s best guess – their so-called “reference case” forecast – is that we’ll still need to import between 25 and 32 percent of our oil every year from now until 2040.
That $132 billion to OPEC only accounts for oil. The Pentagon says the war against ISIS will cost another $2.5 billion to $3.6 billion annually for years to come. Other estimates range as high as $22 billion a year, to say nothing of lives risked.
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