Again, for anyone to think it's "our" oil is living in a simplistic and ignorant dream.
More proof that the rhetoric coming from this petroleum-based administration of "drill, drill, drill", as a way to benefit the American people, is simply nonsense in the context of the world oil market.
Oil corporations are beholden to their shareholders in the context of the world market.
They maximize profit and if that means sacrificing country affiliation you can bet they will in a heartbeat.
Why is that so difficult for the American people to understand?
Why do they listen to the bullshit claim of more drilling here as if it is "our" oil?
----
As Oil Firms Seek Drilling Access, Exports Set Record
By Reuters
Reuters
| 03 Jul 2008 | 03:23 PM ET
While the U.S. oil industry wants access to more federal lands to help reduce reliance on foreign suppliers, U.S.-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.
The surge in exports appears to contradict the pleas from the U.S. oil industry and the Bush administration for Congress to open more offshore waters and Alaska's Arctic National Wildlife Refuge to drilling.
"We can help alleviate shortages by drilling for oil and gas in our own country," President Bush told reporters this week. "We have got the opportunity to find more crude oil here at home."
http://www.cnbc.com/id/25518912
----
QUOTE (SHRED @ Jul 8 2008, 07:27 AM) 
Again, for anyone to think it's "our" oil is living in a simplistic and ignorant dream.
More proof that the rhetoric coming from this petroleum-based administration of "drill, drill, drill", as a way to benefit the American people, is simply nonsense in the context of the world oil market.
Oil corporations are beholden to their shareholders in the context of the world market.
They maximize profit and if that means sacrificing country affiliation you can bet they will in a heartbeat.
Why is that so difficult for the American people to understand?
Why do they listen to the bullshit claim of more drilling here as if it is "our" oil?
----
As Oil Firms Seek Drilling Access, Exports Set Record
By Reuters
Reuters
| 03 Jul 2008 | 03:23 PM ET
While the U.S. oil industry wants access to more federal lands to help reduce reliance on foreign suppliers, U.S.-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.
The surge in exports appears to contradict the pleas from the U.S. oil industry and the Bush administration for Congress to open more offshore waters and Alaska's Arctic National Wildlife Refuge to drilling.
"We can help alleviate shortages by drilling for oil and gas in our own country," President Bush told reporters this week. "We have got the opportunity to find more crude oil here at home."
http://www.cnbc.com/id/25518912
----
More proof that the rhetoric coming from this petroleum-based administration of "drill, drill, drill", as a way to benefit the American people, is simply nonsense in the context of the world oil market.
Oil corporations are beholden to their shareholders in the context of the world market.
They maximize profit and if that means sacrificing country affiliation you can bet they will in a heartbeat.
Why is that so difficult for the American people to understand?
Why do they listen to the bullshit claim of more drilling here as if it is "our" oil?
----
As Oil Firms Seek Drilling Access, Exports Set Record
By Reuters
Reuters
| 03 Jul 2008 | 03:23 PM ET
While the U.S. oil industry wants access to more federal lands to help reduce reliance on foreign suppliers, U.S.-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.
The surge in exports appears to contradict the pleas from the U.S. oil industry and the Bush administration for Congress to open more offshore waters and Alaska's Arctic National Wildlife Refuge to drilling.
"We can help alleviate shortages by drilling for oil and gas in our own country," President Bush told reporters this week. "We have got the opportunity to find more crude oil here at home."
http://www.cnbc.com/id/25518912
----
Yes, and Time Magazine wonders "Who is Stealing Iraq's Oil." http://www.time.com/time/world/article/0,8...1622785,00.html
I'll give you three guesses.
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