Free Republic

The Chinese – and soon Middle East interests – are preparing to buy up oil resources in North America even as "green" interests threaten to short-circuit U.S. access to the same energy, according to a report from Joseph Farah......" While the U.S. State Department has issued a permit for a multibillion-dollar pipeline to carry crude oil from Canada's tar sands to U.S. refineries, environmental groups are threatening to impede its construction. Some are trying to delay the project for years by putting it in the middle of the court system. Meanwhile, the Chinese are in the process of spending billions...

If anyone wonders why gasoline prices have soared above $3 a gallon at the pump, consider the fact that on the same day that the House of Representatives passed a bill that would allow the Federal Trade Commission to investigate and punish oil companies that conspire to keep prices up, it failed to pass a measure to promote expansion of U.S. oil-refining capacity. Consider as well that those to whom the basic laws of supply and demand are a complete mystery are themselves conspiring to keep oil priced high by preventing oil development in a tiny portion of the Arctic...