The U.S. is rich in oil, but that doesn’t make a gas guzzler a smart buy

There is no question, the jump in pump prices these past few years have shaken the economy and challenged households. According to Daniel Sperling, director of the Institute for Transportation Studies at the University of California, Davis, the carbon footprint of drilling for and refining these heavy shale oils is on the order of twice that of shipping and burning Saudi oil. And using up all our proven reserves could have disastrous consequences.

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