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Another GOP Oil-Drilling Myth Is Born!
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Jul 21, 2008 06:45pm |
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| Category | Blog Entry |
| News Date | Tuesday, July 22, 2008 12:00:00 AM UTC0:0 |
| Description | By Eric Kleefeld - July 21, 2008, 4:39PM
As you know, we've been posting here regularly about the GOP's frequent pushing of the myth that China is drilling for oil off American shores.
Well here's another outlandish oil-drilling line: If not for the Dems in Congress, gas would cost two bucks a gallon!
Here's what Republican Congresswoman Michele Bachmann of Minnesota had to say in an op-ed for National Review, promoting drilling in ANWR:
The fact of the matter is that Congress is standing in the way of $2-a-gallon gas. It is Speaker Pelosi and the House Democrats who are refusing to let commonsense energy legislation come to the floor.
That's right: Bachmann says that we can cut the price of gas from over four dollars down to two, a change of more than 50%, by just opening up some new drilling. What wonderful news!
The problem, however, is that this just isn't true when you're working on the scale of a vast global marketplace.
In the case of ANWR, a Department of Energy study this past May found that drilling there could potentially lower the price of a barrel of oil by a mere 75 cents -- only enough to lower the price of a gallon of gas by about two cents, and it would take until the year 2025. Proposed offshore drilling plans for other areas have yielded similar numbers, too.
Oh well. Lowering the price by two dollars, or two cents -- what's the difference?
We'll be hearing a lot more of this line over the next few months. |
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