The author of this newspaper article is Ronald D. White, and this article is from the Los Angeles Times. Oil prices have definitely fallen, but U.S. motorists are not benefiting because the U.S. continues to expand its exports and reduce supplies available domestically. These results could be seen in the Energy Department because every week they post surveys of service stations all around the U.S. This time last year, gas was 90.3 cents cheaper. Tom Kloza is the chief oil analyst for the Oil Price Information Service. He said that in the last ten weeks, the energy department has been exporting more refined products cargoes than it is importing. Most, if not all the product that is being exported is diesel. Its main customers are Central and South America. To close his statements, Kloza reported that this is something good for our country in terms of reducing the deficit, but it is a major headache for the people living in the U.S.
In my opinion, this is a very gruesome step in our economy. Although it is proven that countries that export more than they import usually have more durable economies. However, I believe that this is the exact opposite for our country. We should use our natural resources such as gas and not distribute it to other countries. After all, our country is in an atrocious economic situation. The U.S. Energy Department should lower the gas prices, and this is done by not selling gas to other countries. With cheaper gas brings forth more men and woman driving their vehicles to work. This procedure speeds up our economic growth and will help to lead us to a healthier and more prosperous country. This article is important because it could wake up the people of America and show them what the down sides of exporting our fuel does to our economy. Hopefully, citizens will take matters into their own hands and stop the madness being created by the Energy Department.
Hello Aram!
ReplyDeleteThanks for publishing a very descriptive and well written post. The way you told us your opinion on the topic was very well put. I am very interested in the topic you wrote about and will do further independent reading!