Jack D Hidary Huffington Post Article
The price of oil struck an ominous chord for the US economy with
yesterday's record trade of $147 per barrel. At these prices we are
sending more than $1 million every minute of every day to oil rich
countries. As oil hits a new high the dollar has hit a record low
against the euro. Our equity is draining away and flowing to foreign
How can we get ourselves out of this mess? This crisis will take
nothing short of a restructuring of our core industrial and transport
sectors. Just as a turnaround CEO comes in to fix a troubled company,
we need a retooling to rid ourselves of oil dependency. We do not need
politicians looking for fake fixes such as a summer gas tax holiday.
We do not need the President of the United States of America to beg
sheiks for a bit more of the black gold. Keep your dignity, Mr.