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A U.S. Oil Boom Won't Help Consumers,

Business  (tags: oil, politics, money, marketing, lies, congress, economy, corruption, corporate, abuse, americans, business, consumers, dishonesty, energy, finance, ethics, government, investments, lies, marketing, money, society, usa )

- 1139 days ago -
Reports that America posted the largest oil production increase in the world last year - rising more than 1 million barrels - come at a time when gasoline prices have increased for U.S. motorists. Because oil prices are priced globally, the domestic oil

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JL A. (282)
Saturday June 15, 2013, 4:50 pm
A U.S. oil boom won’t help consumers

By: Tyson Slocum

Reports that America posted the largest oil production increase in the world last year – rising more than 1 million barrels – come at a time when gasoline prices have increased for U.S. motorists. Because oil prices are priced globally, the domestic oil boom can’t – and won’t – provide relief for consumers.

"Tyson Slocum" "commodity disclosure"Unfortunately, Congress is wasting time passing legislation (HR 2231) that opens more federal areas to new drilling but won’t result in lower prices for American households because it won’t provide enough oil to have a significant impact on the world market.

Consumers need more tools to help avoid exposure to increasingly high gas prices. Real legislative solutions to help families would expand access to mass transit and provide greater incentives for fuel-efficient and alternative fuel vehicles, investments in energy efficiency and rooftop solar technology. Simply expanding access to an increasingly expensive, globally priced commodity like oil may make oil companies and their shareholders wealthier, but it dooms consumers to a future of monetarily and environmentally costly energy.

Give consumers more tools to fight high prices, not corporate gifts and empty political rhetoric like “Drill Baby Drill.”

Tyson Slocum is the director of Public Citizen’s Energy Program.

MARIA B. (107)
Saturday June 15, 2013, 8:34 pm
So why is it every time I pull into a gas station, the price just keeps going up?'s all supply & demand bs

Christine Stewart (133)
Saturday June 15, 2013, 9:16 pm
More oil production just means more pollution, and more profits for the oil companies- no price decreases!

Jonathan Harper (0)
Sunday June 16, 2013, 4:00 am

Earl R. (0)
Sunday June 16, 2013, 4:40 am
US oil prices are not priced globally. The financial speculators, the Big Oil trading desks and the oil traders control and manipulate the oil prices, the gasoline prices, the oil supply-chain and the oil markets. Google the "$2.5 Trillion Oil Scam - slideshare" and google the "Global Oil Scam." The US and most of the world are victims of this scam. Plug your Tesla S, electric car into yout household, solar array.

Kit B. (276)
Sunday June 16, 2013, 7:01 am

We need a policy that promotes alternative sustainable fuels, instead we as a nation promote more drilling and fracking along with false promises.

"Consumers need more tools to help avoid exposure to increasingly high gas prices." When is the last time any one can remember either house saying "that's what we need to do, protect the consumers over big business". Like that is going to happen.

I would question the author Slocum, and ask exactly what tools and how do they assist the public,?

Angelika R. (145)
Sunday June 16, 2013, 7:19 am
Good comment /question there from Kit! Guess it's a secret. I am not sure or aware of any promises made to consumers regarding PRICES, wasn't it always just about gaining more independency from other oil nations?
With that goal reached the administration can claim success.. I guess. Who cares about consumers anyway.

JL A. (282)
Sunday June 16, 2013, 8:32 am
You cannot currently send a star to Kit because you have done so within the last day.
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Past Member (0)
Sunday June 16, 2013, 10:04 am
Why do they keep digging the earth up for oil then if its not giving cheaper fuel Cant see the point just more pollution for nothing

Noted thanks

Theodore Shayne (56)
Sunday June 16, 2013, 11:34 am
Ask any of the traders at Conoco Philips and they'll tell you that they're waiting for the highest price for crudes. The majority of resources will be sold overseas to ensure maximum profit while you the Ameri-Canadian consumer pays higher prices on the domestic market.
It's three card Monte on the international boulevard and you're the marks. American independency has nothing to do with it and neither does national security. It's all about supply and demand economics.

JL A. (282)
Sunday June 16, 2013, 1:24 pm
You are welcome Carol. Well stated Theodore.
You cannot currently send a star to Carol because you have done so within the last day
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Dandelion G. (389)
Sunday June 16, 2013, 2:16 pm
We are going to be left in the same situation as other Countries that have had their resources drained from them. The resources went some place else, a mess was left behind, and the people saw no benefit to it that lived in the area. Outside parties made the money and the people get holding the bag to clean up the pollution, if they ever can. Poverty entrenches because now they don't even have the trees or clean water they might of had before all the mining of the resources was done. It's the same old exploitation only it is now in our backyards.

Paulett Simunich (0)
Sunday June 16, 2013, 2:44 pm
Dandelion G.......I agree with every word you wrote.........The boom from fracking was never intended to be used here in the USA for its people. We do not have enough refineries to handle all this crude.. We will be paying the high price forever......

Michael Kirkby (96)
Sunday June 16, 2013, 3:12 pm
It always goes to the highest bidder which is always overseas.

Judy C. (107)
Sunday June 16, 2013, 7:31 pm
All the corporate liars have been counting on the public's ignorance about how the oil pricing works. I knew this, but the vast majority of people don't know. Apparently we are slated to become a 3rd World country in terms of the distribution of wealth and power. Our environment and that of Canada is going to be trashed for the sake of multinational companies' profits.

John Gregoire (294)
Monday June 17, 2013, 5:41 am
We will never reach sustainablity through oil and gas. The industries sell their environmental destruction on false economic benefits and energy inde[pendence. Then, they furtively ask for things like more LNG port facilities, greater export permits and more pipelines designed to get our resurces to the world market. If we allow any of that to happen, the explorers will not embrace alternative energy measn.

JL A. (282)
Monday June 17, 2013, 6:23 am
Too true John.
You cannot currently send a star to John because you have done so within the last day.

Patricia H. (440)
Monday June 17, 2013, 8:44 am

Scott haakon (4)
Wednesday June 19, 2013, 9:45 am
Forgot that we need more refineries to be built. Perhaps as many as ten. If there are not enough refineries then there will be a high price. next is to get rid of ethanol and return that to food crops.

JL A. (282)
Wednesday June 19, 2013, 9:53 am
When price is controlled by the commodities market, refineries and ethanol changes make no difference for the consumer.
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