Wednesday, June 18, 2008

Obama admits: Offshore drilling will lower gasoline prices

Woo hoo! Change I can believe in. I had to dig around for this story, but I found something Barack Obama and I agree on. USA offshore drilling will lower gasoline prices:

Obama also said there is "no way that allowing offshore drilling would lower gas prices right now. At best you are looking at five years or more down the road."

Even if Obama's estimate, five years, is correct, most Americans are will accept that.

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5 comments:

  1. Cal Skinner10:38 AM

    Have a loaner computer and can't find your email address on the site. Please contact me.

    ReplyDelete
  2. Marathon Pundit10:41 AM

    john.ruberry@sbcglobal.net

    ReplyDelete
  3. the wolf3:40 PM

    Bollocks. Any serious endeavor to increase the oil supply whether one, five or ten years down the road is going to cause a sell-off in oil futures and drop the price. True, it won't immediately impact the actual supply of oil, but where will we be in five years if we don't increase our domestic production? Bill Clinton was infamously quoted as saying something similar a decade ago: "This wouldn't have any impact for at least ten years..." Ten years later and look where we are.

    ReplyDelete
  4. Marathon Pundit5:50 PM

    Well stated

    ReplyDelete
  5. Anonymous3:49 PM

    Woo hoo is right! I drove past a
    "Shell" station on the corner of
    Elmhurst Rd. and Algonquin Rds.
    this weekend. $1.98 a gallon, that's the lowest I've seen it in 7
    years!

    ReplyDelete