Despite ranking among the most profitable corporations in the world, Big Oil benefits from $4 billion in annual tax breaks. It fights to maintain them through aggressive political donations, lobbying, and heavy ad spending, but also employs another tactic: Pretending these tax breaks don’t exist.
LOS ANGELES—Here in the land of perpetually jammed freeways, filling up downtown sets you back $5.09 a gallon. While the national average price for a gallon of gasoline is $3.36, you’d be hard pressed to find anything cheaper than $4 in L.A.
Californians are used to paying some of the highest energy prices in the country, especially in this sprawling city. Not coincidentally, they’re also living in the state most committed to combatting climate change, slashing fossil-fuel consumption, and ramping up renewable energy.
By Robert McCullough
It’s no secret Californians pay some of the highest gas prices in the nation. And even though consumers and the economy have just gotten over last year’s historic gas prices, another spike seems to be knocking on our door. For more than 20 years I have focused on creating efficient energy markets – ranging from helping the prosecution of Enron executives to working on market manipulation issues across the U.S. and Canada. Over the past 18 months California gasoline prices have spiked repeatedly – with little relationship to world oil prices, or supply and demand.
Major oil companies are quick to point the finger at things that are out of their control. Unrest in far-off governments or unexpected refinery shutdowns are common scapegoats. Environmental regulations that keep them from polluting the air and water, for example, are also common themes. The truth of it though, these are just convenient excuses that hide other, potentially sinister, reasons.
We can cut projected U.S. oil use in half over the next 20 years and create more than 1 million jobs, reduce annual oil spending by $550 billion, and eliminate 2 billion metric tons of global warming emissions per year by 2035
When it comes to oil use, our country is at a crossroads: we can put the U.S. on a path toward cutting projected oil consumption in half, or we can continue to threaten our health and economic well-being by moving to increasingly dirty, inaccessible, and dangerous sources of oil.
The choice is clear. It is time to commit to creating a future in which we live in healthier communities, prosper from a strong economy, and help safeguard our planet against the disastrous effects of climate change.
Gas prices have steadily dropped for nearly a month in Los Angeles County, but a new government energy report shows that families are spending more to fuel up now than in previous years.
The average household spent almost $3,000 — or just under 4 percent of income before taxes — on buying gasoline in 2012, according to a U.S. Energy Information Administration report released last month.
Eco-activist Craig Rosebraugh is the first to admit he took “a sizable gamble” by titling his first film so provocatively—Greedy Lying Bastards.
The hard-hitting documentary is a sophisticated, four-years-in-the-making look at the deviousness of climate change deniers using archival footage and new interviews. It was intended to be “a bit more in your face” than most docs, Rosebraugh admits.
WE will need fossil fuels like oil and gas for the foreseeable future. So there’s really little choice (sigh). We have to press ahead with fracking for natural gas. We must approve the Keystone XL pipeline to get Canadian oil.
NEW YORK — The U.S. is increasing its oil production faster than ever, and American drivers are guzzling less gas. But you’d never know it from the price at the pump.
The national average price of gasoline is $3.69 per gallon and forecast to creep higher, possibly approaching $4 by May.
“I just don’t get it,” says Steve Laffoon, a part-time mental health worker, who recently paid $3.59 per gallon to fill up in St. Louis.
U.S. oil output rose 14 percent to 6.5 million barrels per day last year – a record increase. By 2020, the nation is forecast to overtake Saudi Arabia as the world’s largest crude oil producer. At the same time, U.S. gasoline demand has fallen to 8.7 million barrels a day, its lowest level since 2001, as people switch to more fuel-efficient cars.
In the ongoing debate of how to best reduce dependence on foreign oil, a number of misconceptions have gotten in the way of curing our national addiction. These popular “myths” can solidify into opposing views that prevent us from arriving at a reasonable consensus. Here we provide contrary perspectives on some of the most common myths, in order to find a common ground where all Americans can work together to replace foreign oil with cheaper, cleaner American-made fuels.