It's not the petroleum industry who are requiring special blends of fuel for each city and time of year; it's not the petroleum industry who enact every type of regulation or find so-called endangered species that prevents drilling in ANWR or many areas of the US; it's not the petroleum industry who is responsible for the increase in gasoline use in developing countries; it's not the petroleum industry who is responsible for the declining value of our dollar relative to other currencies. Shall I go on??
Yes, yes, yes, yes, etc. No argument there. The government is responsible for all that. But the oil industry also receives an “oil depreciation allowance.” That’s highway robbery. The goverment shouldn’t be using public dollars to subsidize private corporations.
The oil industry is not an American business. Its an international cartel in allaince with the Opec states and the Muslims in the MIddle East.
They need to be regulated. So do the commodity brokers who are making a profit on oil sales. Unlike all other commodities, the cost of energy has a ripple effect which adversely impacts the business climate in America and is creating an economic catastrophy for other businesses here.