In 1970, we imported 24% of our oil.
Today it's nearly 70% and growing.

As imports grow and world prices rise, the amount of money we send to foreign nations every year is soaring. At current oil prices, we will send $700 billion dollars out of the country this year alone — that's four times the annual cost of the Iraq war.

Projected over the next 10 years the cost will be $10 trillion — it will be the greatest transfer of wealth in the history of mankind.
America uses a lot of oil. Every day 85 million barrels of oil are produced around the world. And 21 million of those are used here in the United States.

That's 25% of the world's oil demand. Used by just 4% of the world's population.

Can't we just produce more oil?

World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn't enough of it to keep up with demand.

The simple truth is that cheap and easy oil is gone.

What's the good news?

Dec. 13, 2007

His Excellency Ban Ki-Moon

Secretary-General, United Nations

New York, N.Y.

Dear Mr. Secretary-General,

Re: UN climate conference taking the World in entirely the wrong direction

It is not possible to stop climate change, a natural phenomenon that has affected humanity through the ages. Geological, archaeological, oral and written histories all attest to the dramatic challenges posed to past societies from unanticipated changes in temperature, precipitation, winds and other climatic variables. We therefore need to equip nations to become resilient to the full range of these natural phenomena by promoting economic growth and wealth generation.

The United Nations Intergovernmental Panel on Climate Change (IPCC) has issued increasingly alarming conclusions about the climatic influences of human-produced carbon dioxide (CO2), a non-polluting gas that is essential to plant photosynthesis. While we understand the evidence that has led them to view CO2 emissions as harmful, the IPCC's conclusions are quite inadequate as justification for implementing policies that will markedly diminish future prosperity. In particular, it is not established that it is possible to significantly alter global climate through cuts in human greenhouse gas emissions. On top of which, because attempts to cut emissions will slow development, the current UN approach of CO2 reduction is likely to increase human suffering from future climate change rather than to decrease it.

The IPCC Summaries for Policy Makers are the most widely read IPCC reports amongst politicians and non-scientists and are the basis for most climate change policy formulation. Yet these Summaries are prepared by a relatively small core writing team with the final drafts approved line-by-line by ­government ­representatives. The great ­majority of IPCC contributors and ­reviewers, and the tens of thousands of other scientists who are qualified to comment on these matters, are not involved in the preparation of these documents. The summaries therefore cannot properly be represented as a consensus view among experts.

Contrary to the impression left by the IPCC Summary reports:

Recent observations of phenomena such as glacial retreats, sea-level rise and the migration of temperature-sensitive species are not evidence for abnormal climate change, for none of these changes has been shown to lie outside the bounds of known natural variability.

The average rate of warming of 0.1 to 0. 2 degrees Celsius per decade recorded by satellites during the late 20th century falls within known natural rates of warming and cooling over the last 10,000 years.

Leading scientists, including some senior IPCC representatives, acknowledge that today's computer models cannot predict climate. Consistent with this, and despite computer projections of temperature rises, there has been no net global warming since 1998. That the current temperature plateau follows a late 20th-century period of warming is consistent with the continuation today of natural multi-decadal or millennial climate cycling.

In stark contrast to the often repeated assertion that the science of climate change is "settled," significant new peer-reviewed research has cast even more doubt on the hypothesis of dangerous human-caused global warming. But because IPCC working groups were generally instructed (see http://ipcc-wg1.ucar.edu/wg1/docs/wg1_timetable_2006-08-14.pdf) to consider work published only through May, 2005, these important findings are not included in their reports; i.e., the IPCC assessment reports are already materially outdated.

The UN climate conference in Bali has been planned to take the world along a path of severe CO2 restrictions, ignoring the lessons apparent from the failure of the Kyoto Protocol, the chaotic nature of the European CO2 trading market, and the ineffectiveness of other costly initiatives to curb greenhouse gas emissions. Balanced cost/benefit analyses provide no support for the introduction of global measures to cap and reduce energy consumption for the purpose of restricting CO2 emissions. Furthermore, it is irrational to apply the "precautionary principle" because many scientists recognize that both climatic coolings and warmings are realistic possibilities over the medium-term future.

The current UN focus on "fighting climate change," as illustrated in the Nov. 27 UN Development Programme's Human Development Report, is distracting governments from adapting to the threat of inevitable natural climate changes, whatever forms they may take. National and international planning for such changes is needed, with a focus on helping our most vulnerable citizens adapt to conditions that lie ahead. Attempts to prevent global climate change from occurring are ultimately futile, and constitute a tragic misallocation of resources that would be better spent on humanity's real and pressing problems.

Yours faithfully,
[List of signatories]

ONE of the world's foremost meteorologists has called the theory that helped Al Gore share the Nobel Peace Prize "ridiculous" and the product of "people who don't understand how the atmosphere works".

Dr William Gray, a pioneer in the science of seasonal hurricane forecasts, told a packed lecture hall at the University of North Carolina that humans were not responsible for the warming of the earth.

His comments came on the same day that the Nobel committee honoured Mr Gore for his work in support of the link between humans and global warming.

"We're brainwashing our children," said Dr Gray, 78, a long-time professor at Colorado State University. "They're going to the Gore movie [An Inconvenient Truth] and being fed all this. It's ridiculous."

At his first appearance since the award was announced in Oslo, Mr Gore said: "We have to quickly find a way to change the world's consciousness about exactly what we're facing."

Mr Gore shared the Nobel prize with the United Nations climate panel for their work in helping to galvanise international action against global warming.

But Dr Gray, whose annual forecasts of the number of tropical storms and hurricanes are widely publicised, said a natural cycle of ocean water temperatures - related to the amount of salt in ocean water - was responsible for the global warming that he acknowledges has taken place.

However, he said, that same cycle meant a period of cooling would begin soon and last for several years.

"We'll look back on all of this in 10 or 15 years and realise how foolish it was," Dr Gray said.

During his speech to a crowd of about 300 that included meteorology students and a host of professional meteorologists, Dr Gray also said those who had linked global warming to the increased number of hurricanes in recent years were in error.

He cited statistics showing there were 101 hurricanes from 1900 to 1949, in a period of cooler global temperatures, compared to 83 from 1957 to 2006 when the earth warmed.

"The human impact on the atmosphere is simply too small to have a major effect on global temperatures," Dr Gray said.

My earlier column this week detailed the work of a volunteer team to assess problems with US temperature data used for climate modeling. One of these people is Steve McIntyre, who operates the site climateaudit.org. While inspecting historical temperature graphs, he noticed a strange discontinuity, or "jump" in many locations, all occurring around the time of January, 2000.

These graphs were created by NASA's Reto Ruedy and James Hansen (who shot to fame when he accused the administration of trying to censor his views on climate change). Hansen refused to provide McKintyre with the algorithm used to generate graph data, so McKintyre reverse-engineered it. The result appeared to be a Y2K bug in the handling of the raw data.

McKintyre notified the pair of the bug; Ruedy replied and acknowledged the problem as an "oversight" that would be fixed in the next data refresh.

NASA has now silently released corrected figures, and the changes are truly astounding. The warmest year on record is now 1934. 1998 (long trumpeted by the media as record-breaking) moves to second place. 1921 takes third. In fact, 5 of the 10 warmest years on record now all occur before World War II. Anthony Watts has put the new data in chart form, along with a more detailed summary of the events.

The effect of the correction on global temperatures is minor (some 1-2% less warming than originally thought), but the effect on the US global warming propaganda machine could be huge.

Then again-- maybe not. I strongly suspect this story will receive little to no attention from the mainstream media.