Senate Set To Consider Energy Package That Includes Drilling In ANWR, Off Gulf Coast
And some are claiming that the additional oil from this domestic pumping could lower oil prices by as much as $63/barrel.
I’m not sure I buy into that estimate, but I certainly think it’s going to be hard for the politicians to argue against the expansion of oil production in the face of high - and getting higher - fuel prices. Americans aren’t dumb, and there’s only so long that the “greedy oil companies” schtick is going to work. Eventually people will wake up and realize that the biggest expense at the pump isn’t gasoline but government.
