More offshore drilling does little at the pump: EIA (Energy Information Administration)

[OKIsItJustMe]

http://news.yahoo.com/s/nm/20080625/ts_nm/usa_oil_offshore_dc

More offshore drilling does little at the pump: EIA

By Tom Doggett Wed Jun 25, 1:29 PM ET

WASHINGTON (Reuters) - 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.

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.

However, Guy Caruso, who heads the federal Energy Information Administration, said consumers would see little savings at the pump.

...

[Ian David]

1. REMINDER: Katrina oil spills may be among worst on record (113 offshore platforms destroyed)

REMINDER: Katrina oil spills may be among worst on record (113 offshore platforms destroyed)
Topic started by IanDB1 on Jun-19-08 09:51 AM (13 replies)
Last modified by underpants on Jun-19-08 03:10 PM
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=3482695