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More offshore drilling does little at the pump: EIA »

Posted By STONERS 3 months, 2 weeks ago in Business & Finance
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Allowing oil drilling in U.S. offshore waters that are now closed to energy exploration would do little to lower gasoline prices paid by consumers, the government's top energy forecaster said on Wednesday.

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    STONERS3 months, 2 weeks ago

    "In response to record pump prices, Republican presidential candidate Sen. John McCain and President George W. Bush this month called for Congress to end its moratorium on drilling off the East and West coasts and in Florida waters, leaving it up to each affected state to decide where to permit drilling."

    "McCain and Bush said the additional oil supplies likely to be found in the closed areas would help reduce gasoline costs."

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      mesodude3 months, 2 weeks ago

      ""McCain and Bush said the additional oil supplies likely to be found in the closed areas would help reduce gasoline costs."

      --That's because Bush and McCain know that Americans will remember who was in the White House (and which party controlled Congress for most of Bush's term) when they lost their homes and jobs and when they first paid four dollars for a gallon of gas or a gallon of milk. They know Americans will remember who gave war time tax cuts to millionaires and who blathered on endlessly about "socialism" (while enjoying their tax payer funded health insurance) when they couldn't afford health insurance for their own kids. Republicans know that Americans know what they did last summer (and during all the previous summers under Bush) and they're TERRIFIED. Desperation will make cons say or do anything to hold on to power. ;-(

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      Klarissa3 months, 2 weeks ago

      of course not - it takes several years before the drilling is on line and producing. We have to start somewhere sometime.

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