Monday, May 13, 2013

Here's something I bet no one realizes... The United States has currently increased oil production more than at any time in its history. We were all told that if we sacrificed our public lands and the environment in general, we would benefit from less dependency on foreign oil and our prices at the pump would go down. What I bet you didn't know is that with the increased production of U.S. Oil, we have increased EXPORTATION of U.S. oil to China and elsewhere in the world where demand continues to be high. This means that even though we have more oil and U.S. demand for gasoline has dropped by 9% we are unlikely to see any significant drop in prices at the pump. Oil companies will not be served record breaking profits by protecting Americans at the gas pump. So we will be paying the high cost of fuel because OUR fuel is going over seas.
Just an FYI --
 
http://www.usnews.com/news/articles/2013/03/20/us-oil-production-set-to-surpass-imports-for-first-time-in-20-years
http://www.indexmundi.com/united_states/oil_production.html
http://online.wsj.com/article/SB10001424127887323468604578249621718888086.html

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