wanted to, it could ask Congress to raise export taxes on the oil companies to
encourage them to sell their products here. Think about it. The oil companies
are regulated by the federal government. They can't drill on land nor in
American waters without permission from the feds. Many Republicans want to drill
baby drill but what's the point if all the oil goes to China? Increased
production obviously doesn't mean lower prices for us.So the feds could exert some control if they wanted to. But they don't. Why? Well, Republicans generally don't want to inhibit the oil industry. And Democrats generally want high gas prices so folks switch to other modes of transportation and embrace alternative energy. This is part of the global warming deal.
But again, who gets hurt by all of the politics? You do..." Full text: Bill O'Reilly: Oil prices reach critical mass
Do you believe the feds should raise export taxes on oil companies?
How is that one world thinking working out for us?
