The price of a barrel of crude oil has reached a record $120. Just a few weeks ago, it had been $101.
With no energy policy in place that would lessen our dependence on foreign oil, we are taking it in the shorts every time we fill up the tank. We also know that some of that money is ending up in the hands of Islamic fundamentalist extremists, thanks to extortion money paid by our Saudi "allies" who fear a fundamentalist revolution in Saudi Arabia. But it's good to know we have a friend in high places of the Saudis.
