More Oil Company nonsense - domestic oil exports increase.
Via Americablog - I picked up these two stories that are of interest because, well, you can figure it out.
Oil Companies report record EXPORT of oil from the US.
While the U.S. oil industry wants access to more federal lands to help reduce reliance on foreign suppliers, American-based companies are shipping record amounts of gasoline and diesel fuel to other countries.
A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department.
And the weak dollar courtesy of failed GOP economic policies.
Stiglitz says that the greatest impact is that we Americans buy oil on the international market, and we use dollars - weak dollars - to do it. That means that if our dollar only buys half as much as it did before, then we have to pay a lot more to get the same amount of oil at the same price.
Remember this the next time someone tosses their hand up and says, “Taxes = Profit for the government”, or “support a Gas Tax Holiday“, or, “Keep tax breaks for Oil companies”, like Randy Kuhl, or, again, like Randy Kuhl says, “we need to increase supply by drilling in Anwar to solve our problems”, or when he challenges the value of conservation and all the rest of the conservative nonsense.
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You know, if I can sell a gallon of gasoline for $8 in Europe, or $4 in the United States, I think I would want to drill more and sell all that oil in Europe.
Increasing drilling isn’t the solution to our problems.
[...] would just like to piggy-back on to stlo7’s post from earlier today, because the insanity continues with the push for drilling. Drilling is not [...]
[...] show that the US export of Oil has increased. What are gas prices high again - I thought we has a supply problem per Randy Kuhl. Not content [...]