FLINT, Mich. - Every time the price of gasoline shoots up, the U.S. finds itself in the same plight, yet we never learn from it. Before we make the mistake of blaming oil companies for high prices, we should consider who the real culprits are. If ever there was a time for an honest look at oil and gasoline prices, it's now. And what that inquiry concludes is that the American oil industry is not the instigator of higher prices.
It seems like a no-brainer. Your credit card offers you a $1 reward for every $100 you spend. It's not a huge payback, but it's something: a rebate that might as well be free money. Who wouldn't sign up for a card with rebates instead of one without them? And then, who wouldn't swipe the card for everything - groceries, gas and the movies? The fact is, credit card rebates are hurting, not helping, many unsuspecting consumers.
FLINT, Mich. - While European and Asian countries have become increasingly dependent on oil imported long distances from politically volatile regions of the world, the United States has its own supplier right next door in Canada.
WASHINGTON - Those who disparage offshore drilling - and seem eager to ban it - ignore that the Gulf of Mexico accounts for one-third of U.S. oil production. Without domestic production, we would be spending even more on imported oil - which is already running $1.5 billion a day.
Our nation is in a high stakes race with China to develop clean energy technologies but we are falling behind. It may be hard to remember now, but we surprised the world years ago by overtaking Russia in the space race, and we can surpass China now if we make some small but important changes in government energy policy.
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