Tags : global oil market

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House Republicans’ Energy Policy Delusions

House Republicans have been lambasting President Obama, asserting that it's the president's "all of the above" energy policy for rising gasoline and fuel prices. Nothing could be further from the truth, as the Obama administration has pointed out that US oil and gas production has actually increased during his first term. Apparently, House Republicans don't know the basics when it comes to how prices are set in a global oil market, or the dynamics and mechanics of oil exploration and production in the 21st century.Read More