Ban On Offshore Drilling Expires Today
The 27-year-old moratorium on offshore drilling expires today. According to polls, Americans overwhelmingly favor drilling for oil offshore to help lower gasoline prices.
As I keep saying in my reporting on the subject, government data indicate that offshore drilling won’t affect gas prices. Dept. of Energy projections show that such drilling won’t produce a drop of oil until 2030 — and even then won’t lower fuel prices.
By continually reminding people of this data, I know I risk becoming a bore to readers. But the reason for my repetition is this study, which finds that the DOE data has hardly been reported in the media.
Sierra Club president Carl Pope said today that he is optimistic that the ban on offshore drilling will return next year because there will be a “new Congress and president who understand that more offshore drilling will do nothing to lower gas prices or solve our energy crisis.”
Well, at least Pope is paying attention to the numbers.