Thursday, May 10, 2012

U.S. Is Now EXPORTING Oil, But the Oil Companies Are Gaming the System to Keep U.S. Oil Prices HIGH

By Washington’s Blog

Leah McGrath Goodman – who has written for the Financial Times, Barron’s, The Wall Street Journal, Forbes and Fortune – notes that the U.S. is now an oil exporter, but that Americans aren’t getting reduced oil prices because the oil companies are now pricing the oil according to European metrics:
The U.S. is now selling more petroleum products than it is buying for the first time in more than six decades. Yet Americans are paying around $4 or more for a

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