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

Even George W. Bush's economics adviser says that the act passed today in the House won't bring down the price of gas.

This afternoon, the House passed legislation that will fast-track lease sales for offshore oil production.

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Even Fossil Fuel-Friendly EIA Says Massive Expansion of Offshore Drilling Won't Lower Gas Prices

The cold, hard facts on why "Drill, baby, drill" is a canard, and why increasing our cars' fuel efficiency is a much better way to lower gas prices.

With the price of gas up at $3.86 per gallon, opportunistic politicians are again making the stubborn case that this administration's drilling policies are responsible for rising gas prices—or that Obama hasn't done enough to lower the price of gas. They are wrong.

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Jeff Bingaman Is the Only Politician Speaking Truth About Gas Prices

The New Mexico senator is the only one in Washington, D.C. who will tell the uncomfortable truth about gas prices and oil supply and demand.


Gasoline prices have everything to do with the international price of crude oil, and pretty much nothing to do with with our domestic policy. (We have only 2 percent of the world's total reserves.) That doesn't stop plenty of politicians and other know-nothings from crowing on about how Democrats and U.S. environmentalists are to blame for the current high (relatively) gasoline prices. Except Jeff Bingaman, the Democratic Senator from New Mexico, who delivered some honest-to-goodness truth about oil supply and demand in a speech last week.

But what can Congress do to help ease the burden of high prices for U.S. consumers, when oil prices are determined mostly outside our borders? I think a realistic, responsible answer has to be focused on becoming less vulnerable to oil price changes over the medium- and long-term. And we become less vulnerable by using less oil.

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