Hoax Of Energy Independence
Last updated 6/2/2014 at 9:03am
The summer travel season is upon us. AAA predicts the price of gasoline will be 20 cents a gallon higher than at this time last year.
In a true supply and demand economy, higher prices would indicate demand is greater than supply, and the price of gasoline would drop if supply increased. This is one reason people are pushing for the construction of the controversial Keystone XL Pipeline. They also believe it will help America become energy independent.
The facts, however, indicate that energy independence has relatively little to do with America producing more gas. In fact, some American...