Tikkun Olam

(nablopomo day 8) Why are we still dependent on Arab oil? According to the USGS (hat tip Hezbos ), we have vast potential oil reserves of our own--possibly billions of barrels worth!  Our economy is in shambles, jobs are scarce and more are being depleted weekly--companies are still laying people off, closing positions and curtailing spending. Wouldn't it make sense to begin drilling right here in the United States? An expanded oil industry would create many more jobs and boost the economy.  At the same time, we could be exploring alternative energy sources and increasing research and development.  And last but certainly not least, we wouldn't be filling OPEC coffers with money which could be fueling terrorists.

While my son is on a forced furlough from his company in Israel (his wife surprised him with a trip for two to Greece while he's off-what a gal!), which indicates that there are still layoffs and belt-tightening, over all the recession might be receding , according to an AP article published by Forbes of a Moody report on Israel's economy. Recently I wrote in this blog about George Gilder's new book The Israel Test which indicated that Israel is becoming an economic force to be reckoned with and possibly a role model for capitalism. So will somebody please tell this to Forbes, whose video about "Markets on the Up" doesn't even mention Israel?