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We Need it Here: The O’Reilly Factor

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It seems that every time there is a spike in gasoline prices, Bill O’Reilly chimes in with his idea that if we produce it here, we should use it here. He’s even proposed a special tax on exports of petroleum products. He somehow believes that, even though oil is a global commodity, it would cost less for Americans if we kept it all here. 

O’Reilly has a big listening audience, and if you don’t understand oil, the global markets, and what it truly takes to be “energy independent”—which most people don’t have time to think...