A Primer on Oil Prices

A Primer on Oil Prices
By Alan Caruba
The U.S. energy policy, as it presently stands, is designed to drive up the cost of oil and its derivatives for every American because it will not permit exploration and extraction, and it will not encourage or permit new refineries to be built. The mandate for ethanol use also increases costs. In addition, it is likely to increase gasoline taxes at some point. This isn’t a policy. It is a plan to reduce the buying power of Americans for every necessity…