August 7, 2008
'Energy Journal Study (and rejection letter) proves allowing more drilling will lead to price drops NOW'
Enough already of the BS about drilling more now taking ten years to affect oil prices. Although the Left has offered all sorts of arguments for why they oppose drilling, including reasons why producing more American oil will not lower gas prices - all of these arguments amount to nothing more than spin, and the American people know it.
Now there's an Economic Study submitted to The Energy Journal which proves this. The study argued that allowing drilling in ANWR would produce an immediate drop in oil prices even if the oil did not enter refineries for several years.
And to further make the researchers' points, just think about what's happened to gas prices since President Bush announced his ending of the executive ban on offshore drilling and the uproar from Americans has resulted in Republicans finally making a major issue over it.
HT - Free Republic
Posted by Richard at August 7, 2008 2:26 PM