Trying to Kill the Oil Industry in America

Saturday, January 31, 2015

Saudi Arabia is dropping oil prices in order to put American oil producers out of business, and it is costing American jobs. None of this would matter if we had genuine fuel competition. But we do not, and the result is that the whole world is on the receiving end of Saudi Arabia's whims. They're taking us all for a ride. CNN Money's latest report on the American oil boomtowns had this to say:

Oil prices have been sinking for months. And while that's good news for most Americans, what happens to towns like Williston, N.D., that have built an entire economy around the oil industry?

The drop in crude prices, while beneficial for drivers, has already cost thousands of oil jobs. Schlumberger was among several companies to take a hit, laying off 9,000 people last week.

In North Dakota, the number of rigs drilling new oil wells dropped from 187 this time last year to 161 this week — the lowest level in five years.

"My prediction is we're down to 50 rigs by June," said Jim Arthaud, CEO of MBI Energy Services, based in nearby Belfield, N.D.

As drilling companies cut back, there will eventually be less work for companies that provide ancillary services like fracking or trucking.

"I'd say we'll lose 20,000 jobs by June," said Arthaud.

Read more...

PUMP is Available Now on iTunes

Wednesday, January 14, 2015

You can now watch PUMP the Movie in your own home, and share the fight for fuel choice with your friends.

"PUMP is the eye-opening documentary about the negative impacts of our oil addiction" says Eyal Aronoff, "and how we can break it in less than a decade.

"The low gas prices we’re experiencing right now are just a preview of what the future could look like if we have a real choice at the pump. Expanding fuel options will lower costs once and for all — which means not having to worry that prices could shoot back up to over $4 per gallon at any moment."

Rent or buy PUMP at the iTunes store here.

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