I forgot to blog this when it came out… At the Institute for Energy Research I wrote a blog post pointing out the nonsense behind Bill O’Reilly’s recent tirades against oil exports. Sample:
Bill O’Reilly’s talking points against oil companies completely misconstrue the actual trade flows of crude oil and refined products. Yet even if O’Reilly did state the facts, his proposal for raising taxes on a profitable sector of the U.S. economy would destroy jobs and do little to lower gasoline prices. In fact, his rhetoric sounds a lot like President Obama’s calls for increased taxes on oil companies as the way to reduce gasoline prices. No one should believe either of them.