Over a week ago on Fox News Sunday, Chris Wallace interviewed retired Marine Commandant PX Kelley and FedEx Chairman Fred Smith on America's dependency on foreign oil. In the interview Gen. Kelley explained that just a 4% drop in imported oil supplies would increase the cost of oil to over $100 per barrel. 4% is not a very huge amount indeed. Here is the transcript to that segment. FOXNews.com - Transcript: Co-Chairmen of Energy Security Leadership Council on 'FNS' - FOX News Sunday | Chris Wallace Now today the Washington Post is reporting that Iranian Oil production is in decline and that by 2015' Iranian oil profits will dry up which suggests in relation to other points in the article that output will also decline. Iran Oil Revenue Quickly Drying Up, Analysis Says - washingtonpost.com The article is discussing several issues here but the point I'm making refers to the 4% Import oil production drop Gen. Kelley spoke of in relation to the current and possible future Iranian situation in regards to oil output. This will be something to watch going forward at least IMO.