House Passes Offshore Drilling Legislation, But It Won't Lower Gas Prices at All House Passes Offshore Drilling Legislation, But It Won't Lower Gas Prices at All
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House Passes Offshore Drilling Legislation, But It Won't Lower Gas Prices at All

by Ben Jervey

May 7, 2011

As I wrote before:

If it looks like there's just one line there, that's because the three lines are virtually right on top of each other. Whether we dramatically expand offshore drilling or stop selling offshore drilling leases entirely, there will be essentially no impact on the price of gasoline until 2020. If we look out as far as 2030, the difference would only be $0.05—$3.59 per gallon as opposed to $3.64 per gallon. The idea that offshore drilling would significantly ease the pain of high gas prices is a canard.

The only thing that Holtz-Eakin is wrong about is his last line. Not everyone's being honest about that.

Photo, public domain, by Genghiskhanviet

Ben Jervey More Info

Ben is a writer and editor covering climate change, energy, and environment, and is currently the Climate and Energy Media Fellow at Vermont Law School. He was the original Environment Editor at GOOD Magazine and his work has appeared regularly in National Geographic News, Grist, DeSmogBlog, and OnEarth. He recently worked with the non-profit Focus the Nation to publish an Energy 101 primer. When living in New York City, he wrote a book, The Big Green Apple, on how to live a lower impact life in the city. A bicycle enthusiast, Ben has ridden across the United States and through much of Europe.
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House Passes Offshore Drilling Legislation, But It Won't Lower Gas Prices at All