The United States spends about one billion dollars per day on foreign oil — with nearly one-fifth of oil being imported from hostile and unstable nations. According to the 2008 Foreign Trade Statistics by the U.S. Census Bureau, our annual oil debt reached $386 billion — greater than our $266 billion debt with China.
Dennis McGinn, Former Battelle Corporate Officer and Retired U.S. Navy Vice Admiral, told the Public Works Committee in a hearing on Climate Change and National Security, that our reliance on oil is fueling our enemies and putting our troops and nation at risk. "Our inefficient use of oil adds to the already great risks assumed by our troops. It reduces combat effectiveness. It puts our troops — more directly and more often — in harms way," McGinn said.
, a coalition of veterans who are against oil dependence, states that America's oil addiction raises the cost of oil worldwide and pours funds into the pockets of foreign regimes that hold anti-American sentiments, harbor terrorists, and threaten America's national security.