Energy independence: But at what cost?

posted by
March 7, 2012
LewRockwell.com
by Bill Sardi  
Posted in Commentary

"Politicians are arguing for elimination of $4 billion of tax breaks for oil companies. But how disingenuous these efforts are! The public is paying to re-tool the American oil industry via higher prices at the pump, to subsidize fracking (hydraulic fracturing) technology that tap into shale bed oil. This method of extracting oil from shale is more costly and essentially perpetuates high oil prices." (03/07/12)

http://lewrockwell.com/sardi/sardi207.html  

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