March 2, 2012

Bill O'Reilly's Just Doesn't Get Gas Prices

Robert Rapier, OilPrice.com


FNC

Last week I was interviewed by Alan Colmes from Fox News Radio on the topic of gas prices. During the interview, he mentioned an idea that Bill O'Reilly has proposed, and that is to address gasoline prices by discouraging U.S. oil companies from exporting their products. The critics of Bill's proposal have generally focused on the notion that "We can't tell the oil companies where to sell their product."

However, there is a far more fundamental issue, and that is that the basic facts of his proposal are based on an erroneous assumption. Let's first have a look at the proposal, in his own words:

Read Full Article ››

TAGGED: Bill O'Reilly, Gas Prices, Oil

RECOMMENDED ARTICLES

October 16, 2013
Your Early Christmas Present: Low Gas Prices
Matt Smith, Energy Burrito
Let’s end at the beginning: retail gasoline prices are going to continue to head lower, and this post simply presents the case as to why, through some simple visuals. But before we do that, here are some reasons as... more ››
October 15, 2013
Will Gas Prices End the Year Below $3 per Gallon?
Jeff Macke, Yahoo
According to David Lutz of Stifel, Nicolaus & Company, consumers are going to get a big boost to their wallets before the end of the year — and the source could surprise you. According to Lutz, the Environmental... more ››
Most people can't think about Texas without thinking about oil, and a recent flood of investment into two onshore shale fields has helped the state bolster its title as one of the world's leading energy producers.According to... more ››
October 21, 2013
Oil Supply Vulnerable 40 Years After Embargo
Wendy Koch, USA Today
In 1973, Archie Bunker's All in the Family topped TV rankings and Tony Orlando's Tie a Yellow Ribbon 'Round the Ole Oak Tree led Billboard charts. On the economic front, the United States depended heavily on foreign oil. . . more ››
October 21, 2013
Is Deepwater the Next Oil Bonanza?
Daniel Graeber, OilPrice.com
Strong growth in international drilling activity helped increase quarterly profits for some of the largest oil companies in the industry. Oil services company Baker Hughes Inc. said last week the number of rigs counted... more ››