2008/08/04:Drilling Won't Lower Price Of Gas - Russell Novkov

Drilling Won't Lower Price Of Gas

The Capital Times :: OPINION :: WEB
Monday, August 4, 2008

Dear Editor: Big Oil, their cronies in Congress, and the Bush administration are exploiting the pain we are feeling at the pump by touting drilling as a solution, even though they know drilling will not lower prices at the pump.

Big Oil wants you to believe that drilling is a quick fix, when the reality is that Bush's own Energy Department has said that any new drilling would have no effect on gas prices now, and an "insignificant" effect on gas prices 15-20 years from now.

The U.S. uses 25 percent of the world's oil supply, but holds only 2.6 percent of the world's oil reserves. No matter how much we drill, we could never provide consumers with real relief. Oil man T. Boone Pickens even said, "I've been an oil man all my life, but this is one emergency we can't drill our way out of."

Russell Novkov, Madison