That is right Oil producers are exporting heating oil in order to drive up the prices. We have a little bit of information from here.
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"With winter approaching, oil company exporting has again set the stage for a price spike," Court and Hamilton write. "The consequence could well be an unprecedented increase in the price of residential heating oil, natural gas, and propane. Unlike motorists who have the ability to cut back on driving and gasoline consumption, Americans reliant on these petroleum products to heat their homes face a potentially life-threatening dilemma. As the price of heating oil skyrockets, the only recourse for many on limited or fixed incomes will be turning off their furnaces in the dead of winter. That is why we call upon you to use your executive powers to freeze exports to nations other than Canada."
Maybe that is why John Kerry said this.
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"It is unthinkable that this administration would fail to have the emergency funds available to help families who need it the most," Sen. Kerry said in a statement, suggesting that Democrats will have a powerful issue for next year's elections if there is a shortfall of heating funds this winter.
How does a Republicans run house address this growing issue? Why tax breaks of course.
On Friday the House of Representatives is expected to take up legislation, sponsored by House Energy and Commerce Chairman Joe Barton, giving new tax breaks to oil refiners to increase refinery capacity .
"Without regulation of oil refiners, oil companies can use new tax breaks to create new product that they simply export to drive up prices in the U.S. once again," said FTCR President Jamie Court. "This industry needs a regulatory stick if it is to increase refining capacity and sell the product in the United States of America."
"If Congress does not address the exports problem, the companies will simply pocket tax breaks," said Hamilton. "Any actual increase in production occurring in the U.S. will likely to find its way out of the county and prices will continue to climb."
Tax breaks for companies who drive oil prices up. That is the Republicans for you.