Big Oil Is Gaming the System to Keep Domestic U.S. Prices High

[Warren Stupidity]

3. Global market determines prices.

So, even as we drill for more oil in the U.S., the price benchmark has dodged the markdown bullet by taking cues from the more expensive oil. As always, we must compete with the rest of the world for petroleum – including our own.

The giant economies of Europe and Asia and their demand for oil are part of what sets the market price. This isn't some nefarious scheme. However the drill baby drill liars should suffer consequences for so blatantly lying to the American people.

We are in the era of global essential resource scarcity. Oil is but one of many such resources. It will only get worse. No serious efforts are being made to restructure our economies to live within the planet's capacity to sustain us.