Customer Reviews

For The Love of Oil: The Fleecing of the American Consumer by Big Oil Companies, Politicians, and Wallstreet Commodity Traders

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The author states that the goal of "For The Love of Oil" is to explain how the oil companies and others have manipulated the cost of gasoline and other oil products. J.C. McElroy definitely achieved that goal.

The author details the history of Standard Oil and anti-trust laws.

On the war in Iraq he has this say-" The facts show that the U.S. government had a decisive plan to take control and rebuild the oil fields, but had little or no advanced planning to take control of the cities of Iraq and bring peace and security there."
That should give the reader an idea of what the 3-letter priority in Iraq has always been.

McElroy goes through a list of excuses for high prices of oil and related products, effectively exposing them as myth. Such as China and India's energy demands, what countries supply us with oil, refinery capacity.

Many legislators often trade the non-regulation of energy commodities for large campaign contributions. They have sold out their constituents-the consumers.
From page 66, "We can not stand any more political representation for the special interests of big oil, healthcare, and the pharmaceutical industries at the people's expense."

"For The Love of Oil" exposes who really profits from the high prices we pay at the gas pump, how they do it and why they get away with it. He also soberly assesses the grave implications for the economy and national security.

McElroy addresses Cheney's National Energy Strategy Board and the secrecy of it. "There is no executive priviledge to conspire with energy companies to shakedown the American consumer." That explains part of the problem.

In addition to the American oil cartel, Wall Street is another huge portion of the problem. "It is ludicrous to allow speculative trading that can only hurt the consumer."-page 65.

If you want to understand exactly how we are being fleeced and who benefits from it I can't recommend this book enough! For a 67 page book, "For The Love of Oil: The Fleecing of the American Consumer by Big Oil Companies, Politicians, and Wall Street Commodity Traders" packs a lot of information!