For decades, the media has done a poor job in explaining how oil pricing works. As a result, the American public goes berserk whenever it costs them more to buy fuel at the pumps. When prices drop, there’s little comment, or attempts to find out why.
This ignorance is perfect for politicians who are responsible for much of American gasoline and fuel oil pricing.
The subject is too complex to fully explain here but there is one essential factor in such pricing that overrides all. The more American oil we produce, the cheaper the product will be. And The U.S. can become a major producer of the product for at least the next couple of hundred years, until we can produce alternate fuels that won’t bankrupt us.
It’s the politicians who only imagine
they see environmental problems under every rock, who are the
culprits.(See the Earl J. Weinreb NewsHole® comments and
@BusinessNewshole at twitter)
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