Sammy Hagar helps kick off RNC

by Tim Castleman

Thu, Sep 4, 2008 12:18AM

On August 31, 2008, Sammy Hagar helped kick off the Republican National Convention by performing his old hit "I Can't Drive 55 ", Imports of crude oil have now doubled to 60% since Sammy's big hit.

In 1974 the 55 MPH national speed limit was enacted as an emergency measure to reduce our dependence on imported crude oil that totaled about 36% of U.S. consumption. It worked and 1985 marked a record low of less than 28% imported oil. About this same time Sammy Hagar's "I Can't Drive Fifty Five" was made popular and in 1987 congress relaxed the law to allow 65 MPH on Rural Highways. Consumption of imported oil began to skyrocket but nonetheless in 1996 the national 55 MPH speed limit was repealed and 12 years later, in 2008, U.S. dependence on imported oil has more than doubled to over 60%. The top 5 sources of imported oil, in order, are Canada, Saudi Arabia, Mexico, Venezuela and Nigeria. On August 31, 2008, Sammy Hagar helped kick off the Republican National Convention by performing his old hit.

Click to enlarge chart showing increasing oil imports
Click to enlarge graphic.