Commentsnot if but when iran blows up..then what..large amount of oil will be off the market..too late to start drilling or pipe line..WE NEED TO GET GOING ON THIS NOW...5-6$ gas will really slow US down..or stop us..Obummer will be happy..wind&solar; will seem a little cheaper????
Posted by johnboy on 03/11 at 07:13 PM | #
Watched O'Reiley's rant on the oil companies . . . he is out-to-lunch on this one!!! Tax the Corporations? There is only ONE Taxpayer . . . US!!! Get a friggin brain, BILL!!! Taxes will increase the price of a gallon of gas. Limit Exports . . . like the US doesn't have a MASSIVE Imbalance of Trade.
The dope in the WH closed down the Gulf, shut down drilling on Public Land that Bush had opened the last time the prices peaked.
The XL Pipeline would have had a positive effect on oil prices, a Billion barrels from Canada could have replaced all oil from the Saudis, but maybe Bowing Barack doesn't like that.
Posted by Thinker . . . on 03/11 at 03:42 PM | #
Less1leg makes an excellent point regarding the building of new refineries. However, for decades America's energy independence has been held hostage by environmental activists and our current administration exemplifies this war on American oil, gas, coal, and nuclear companies.
Not only are Obama's policies the epitome of stupid, they are a dangerous threat to America's national security and economic revival.
We need only to look at North Dakota and Canada to witness the benefits the oil and gas industry will endow on its citizens and the economy.
The Institute for Energy Research successfully unmasks the false claims and arguments that O'Reilly and others have been preaching about. No more excuses! America can be energy independent.
Posted by Suzpenn on 03/10 at 01:09 PM | #
If anything we are doing wrong is not expanding our domestic refinery situation where stability to the already over worked fossil fuel refinery situation we already have. We saw the problem when the hurricane hit the US Texas region where refineries were damaged and we couldn't find capacity to fill the void. Prices rose considerably.
We haven't seen a new refinery built in how many decades? We have Oil Sands production to use. But no strategically placed refinery to use. We are being held up by an Obama, but also by ourselves.
Posted by Less1leg on 03/10 at 03:15 AM | #
Bill O’Reilly: Exporting Nonsense on Gas Prices
Posted by Institute for Energy Research on Mar 10, 2012 at 12:23 AM
Bill O’Reilly’s talking points against oil companies completely misconstrue the actual trade flows of crude oil and refined products
Lately Bill O’Reilly’s comments regarding gasoline prices have been nonsensical. O’Reilly’s analysis of the oil market and the role of exports is not only wrong, it’s absurd. Even if he were right, slapping taxes on American firms is not the way to help Americans. As we’ll see, oil refiners aren’t doing anything nefarious by participating in the global market. And as for O’Reilly’s proposals, they would not only cost American jobs, they would have a negligible impact on gas prices.More...
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