On the recordJuly 11, 2005
the tragic bombings in London are a sober reminder of how vulnerable America and our allies remain to terrorism. What happened in London last week is likely to be tragically replicated if our country does not act boldly to reduce what ought to be called a terror tax now imposed on the American people. I call it a terror tax because when we pull up to the corner gas station and pay $2.40 a gallon or so for gas, the reality is a portion of that money is then turned over to foreign governments that ``back door'' it over to Islamist extremists who use that money to perpetuate terrorism and hate. What I call the terror tax is not posted as a price at our gas pump. We do not see it in our pay stub. It is not calculated in our balance of payments to foreign governments. It is a tax measured not in dollars and cents but in risk and insecurity to the American people. It is as real as everything else the American people put their money toward each week. Of the 20 million barrels of oil Americans consume each day, almost 12 million barrels of it is imported. That percentage, now nearly 60 percent, is growing. It was only about 33 percent at the time of the Arab oil embargo years ago. Our addiction to foreign oil has nearly doubled in what amounts to just a few years. In the next few weeks, the House and Senate will be sitting down as part of an effort to write an Energy bill that must take as its priority helping to shake us free of this addiction to foreign oil.…
Source
govinfo.gov




