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:
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john.ruberry@sbcglobal.net
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.
Well stated
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!
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