Has anyone litened to Bill O'Reilly's rants on gas prices lately. He is of the reservatin again blaming big oil and only big oil.
He does'nt think Drill Baby Drill will help
He doesn't seem to thing the Keystone pipeline will help
He doesn't want American oil companies to ship our oil overseas.
(Ignoring the jobs created and the balance of trade payments made)
He proposes high taxes on the export of American oil
He doesn't think the White House can effect the problem or is to blame.
Only the oil companies greed.
I swear at times he carries water for Barry just so he can claim to be fair and balanced.
But just as he did in 2008 over skyrocketing oil prices, he got it wrong.
Oil companies
are greedy. They want to make profits. But the oil industry paid more in taxes last year than any other in the country.
The Keystone pipeline would flood the Texas and Oklahoma refineries with fresh local crude to be processed into finished petro products. Fuel, Lubricants, Polymers. Much of that would be sold to China yes. But when you consider we borrow from them, often to pay them our trade imbalances, shouldn't that be considered a good thing?
Bill doesn't think so. Putting him inconveniently in camp with the left. And Jay Carney's lie.
Keep in mind,on the world market, the US dollar, a currency that must be used internationaly to buy and sell oil, is worth 2/3's of what it was in 2008. Oil then was over $120.00 a barrel.
Seems that has a lot to do with the current high prices. Blame GWB or Barry for that, not big oil.