14 Oct '12, 4pm

#peakoil Oil and gas industry uses deceptive energy independence message to push U.S. exports: With gasoline sca...

With gasoline scaling $4 a gallon recently, plans announced last week by international oil giant BP to export U.S.-produced crude oil ought to have Americans howling. For such a plan to be good energy policy–rather than merely profitable for the oil industry–the United States would have to be producing more than enough oil to meet its own needs. But the country produces nowhere near that amount. Nevertheless, the industry’s deceptive campaign to make the public and policymakers believe that the United States is on the verge of energy independence seems to be succeeding–a push that is really just a smokescreen for selling the country’s oil and natural gas to the highest bidder.

Full article: http://peakoil.com/production/oil-and-gas-industry-uses-d...

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