Lately Bill O’Reilly’s comments regarding gasoline prices have been nonsensical. O’Reilly’s analysis of the oil market and the role of exports is not only wrong, it’s absurd. Even if he were right, slapping taxes on American firms is not the way to help Americans. As we’ll see, oil refiners aren’t doing anything nefarious by participating in the global market. And as for O’Reilly’s proposals, they would not only cost American jobs, they would have a negligible impact on gas prices.
