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With Estimates That Gas Might Hit $5 a Gallon This Summer, Americans Are Screwed at the Pump

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Here's the truth: high gas prices have nothing to do with lack of available gas in America.

flickr image  By danmachold

That's because for the first time in 62 years, the United States became a net exporter of oil products. In 2011, our nation sent 439,000 more barrels of oil overseas than we imported. That means we're awash in oil and gasoline -- it's just in the hands of oil barons who are making more money shipping it overseas than selling it to U.S. customers.

Drilling in Alaska or in the Gulf won't cut gas prices. Our status as a net exporter of oil also means we're now part of the world's dirt pit, where the dirty work like refining and processing crude is done, because oil barons don't have to worry about the costs of pollution.

We the taxpayers and consumers pay for all the externalities of oil production, from more asthma and cancers to the environmental damage.

In the hands of bankers and oil barons, the United States of America is un-developing and unraveling.

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Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)

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Not a "net exporter of oil".   A net export... by Paul Repstock on Monday, Mar 5, 2012 at 2:35:41 PM
    I recently landed a new job, an... by Bob Gormley on Monday, Mar 5, 2012 at 4:23:30 PM
Oil companies are multinational corporations. ... by Philip Pease on Tuesday, Mar 6, 2012 at 10:51:57 AM
was calculated decades ago to cost $1 million doll... by Daniel Geery on Tuesday, Mar 6, 2012 at 11:00:19 AM