US may soon become world's top oil producer

'Fracking' a major factor driving domestic production higher

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  • JimInSLC Salt Lake City, UT
    Oct. 23, 2012 4:02 p.m.

    The oil companies will always find an excuse that they think sounds reasonable that causes gas prices to stay high. A refinery accident, sounds like an excuse ENRON would use to charge high electricity rates to Californians.

    The only reason they want an oil pipeline to the gulf is so they can get the oil to port where they can load it onto a tanker and ship it to other parts of the world. Why sell it in the states if they can get more money from China or India? If I were president I would allow a pipeline built to the closest refinery to Canada, that would provide a little better assurance that the oil would stay here in the states.

  • lost in DC West Jordan, UT
    Oct. 23, 2012 3:51 p.m.

    No new refineries since the 1970s. Why invest billions in new refineries when BO and his party are trying to shut them down?

  • Rifleman Salt Lake City, Utah
    Oct. 23, 2012 2:36 p.m.

    Re: Makid Kearns, UT
    "The only thing that will help is by lowering consumption rates."

    We have increase production rates but not refining capacity and that is the bottleneck.
    It is the amount of gasoline at the pump and not the amount of oil coming out of the ground that controls the price.

  • Makid Kearns, UT
    Oct. 23, 2012 2:02 p.m.

    So, with rising production we still have gas prices over $2.00 a gallon. How can that be? More drilling isn't going to lower prices since we are already increasing production.

    The only thing that will help is by lowering consumption rates. Alternate fuels and energy sources.