Tag Archives: big oil

Just as Americans start to see lower gas prices, big oil wants to sell US crude overseas

But just as American consumers seem to be benefiting from this system,,, interested parties in the oil industry are pushing to allow greater exports of crude from the US. (US crude exports have been banned since the Arab oil embargoes of the 1970s.) They can get higher prices from the global market,,, But to allow more crude exports would essentially undermine the strides America has made in becoming energy independent. Read the rest here 17:28

James Gill: Coastal suit muddies waters – We never expect the straight dope from the Jindal administration, but this takes bogus reasoning to a new level.

The levee board that has filed suit against oil companies for destroying Louisiana’s wetlands has been accused of a blinkered view. The board, according to Representative Steve Scalise, R-Jefferson, is forgetting that energy companies are “the backbone of our local economy.” [email protected]