Its all a bunch of s**t! Our gas prices should not go up. The US is the number 1 exporter of oil in the world.
Keep it here, screw exporting it, and keep our prices low
Oil is a world market commodity.
Even if we don't ship ours overseas the price still goes up due to world demand. And while we export oil we also import oil too. We also export 'finished product' after it has been refined here, and most of that is not gasoline. There are many different issues, oil shale is only a small issue.
Further, if the government decides to "keep it here" then the government is interfering with capitalism in a very socialistic way. We really don't want that!!!
Attack on the Saudi oil fields. 5% of the worlds production is currently burning. Iran has been blamed, but claims to be NOT responsible. Possible Houti rebels? In any case, look for $100/barrel prices in the short term.
I dont really se how its socialistic. Take the government control out of the equation. Oil drillers drill the crude. They then sell it to the refineries who then sell it to parts stores, gas stations, etc. Just keep it within our borders is all.
By the way oil is now up over $8 per barrel
Poor NIPSCO won't get some of our money for A/C in the house.Yup and it got colder.
Poor NIPSCO won't get some of our money for A/C in the house.
You apparently did not read the article I posted. Our refineries are not setup for that crude. We export it to places that are, and import the crude that the refineries are setup for.I dont really se how its socialistic. Take the government control out of the equation. Oil drillers drill the crude. They then sell it to the refineries who then sell it to parts stores, gas stations, etc. Just keep it within our borders is all.
By the way oil is now up over $8 per barrel
You apparently did not read the article I posted. Our refineries are not setup for that crude. We export it to places that are, and import the crude that the refineries are setup for.
No ones stopping you. Free market and all.