Sen. George Voinovich (R-Ohio.) while hosting a conference call this morning discussed  his belief that the continuing high cost of oil is not only affecting Americans daily life but our national security. Voinovich commented that numbers released by the Office of Budget and Management (OMB) showing America’s deficit had climbed 750 billion dollars means that the country is not only at a financial disadvantage but a national security risk. Voinovich also noted that the national debt at the end of this year is estimated to be at ten trillion dollars.  (more…)

Sen. George Voinovich (R-Ohio.) believes that America is at a high national security risk. Voinovich cited that due to high energy costs and relationships with foreign governments America is reliant on countries that wish the Unted States harm. In addition, Voinovich commented that according to the Stanford University Modeling Forum the odds of a foreign oil disruption happening over the next ten years are slightly higher than 80 percent. If global production were reduced by more than 2.1 percent that would have a serious effect on oil prices and our economy. This would be more so than Hurricanes Katrina, Rita and the September 11, 2001 terrorist attacks. (0:49)

 

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