Canadian Guy

Defense Sector Will Suffer Due to Economic Collapse, Budgetary Constraints

Part of this military spending is directly used to protect the oil suppliers in the middle east and the oil tanker routes on the oceans.

I believe that the Pentagon produced a report a couple of years ago stating that the U.S. taxpayers were paying just over $100 a barrel in defence taxes to protect their oil supply in addition to whatever the cost of oil was at the time on the world markets.

This is one of the reasons that the Pentagon has become one of the largest promoters of renewable energy as a means to attain U.S. energy independence.

If the U.S. can become more independent of imported oil then defence costs can be reduced.