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Back to To the Point

To the Point

Politics, Oil Production and the Price of Gasoline

Moammar Gadhafi may or may not be driven from power. In the meantime, unrest and international sanctions have cut Libya's oil production by half. On Friday, unhappy Saudi Arabians plan a "Day of Rage," threatening instability for the biggest oil supplier of all.

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By Warren Olney • May 12, 2014 • 1 min read

Moammar Gadhafi may or may not be driven from power. In the meantime, unrest and international sanctions have cut Libya's oil production by half. On Friday, unhappy Saudi Arabians plan a "Day of Rage," threatening instability for the biggest oil supplier of all. Fear of further disruption and rank speculation on oil are driving the price of gasoline higher. The concern of most Americans is the price of gasoline by the gallon, and it's rising fast -- even though the United States has plenty on hand at the moment. Should we increase domestic oil production? Tap into strategic reserves? Or jack up the Green Economy faster, whatever the cost?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Katie Cooper

    Producer, 'One year Later'

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    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

  • KCRW placeholder

    Karen Radziner

    Managing Producer, To the Point & Which Way LA?

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    Matt Wald

    New York Times

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    Daniel Weiss

    Center for American Progress

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    Robert Bryce

    Manhattan Institute

    NewsNationalPolitics
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