Thoughts on Foriegn oil

America's fiscal position has reached crisis proportions similar to that of the Carter Administration, yet we're still getting 70 % of our oil from foriegn sources.

While I understand that it's impossible to get that number down to nothing, it would be interesting to experiment with an idea....Ok

There are thousands of wells, OIL wells, all around this country, mainly in the South (our family has three of them, in Texas and Louisiana) that were capped by the government back in the 60's and 70's for a variety of reasons. As such, some of them have been uncapped since then and are providing oil, natural gas and income.

Consider this: If all of the families allowed the government to put their properties into a giant trust (with the drilling rights and proceeds borrowed from the families at a 1 or 2 % interest rate) and the proceeds were used with STRICT oversights to provide financial assistance for companies needing the most urgent assistance: (ineligible expenses include; lifetime benefits for top executives, golden parachutes, back-bonuses, investigative costs and/or legal fees, etc)

How long would it take for the American people to bail ourselves out? this is what we do best. We don't want to become another welfare state.

This could work - so long as Nancy Pelosi, Barney Frank and Obama's people didn't pick it apart and start dishing it out to the welfare masses before it's able to make a difference.