Saturday, March 12, 2011

PUBLIC CITIZEN'S VIEW ON HIGH OIL AND GAS PRICES....

Don’t Let High Oil Prices Fool You – More U.S. Drilling Is Not the Answer

Statement of Tyson Slocum, Director, Public Citizen’s Energy Program

With oil prices briefly topping $100 per barrel, some are dusting off the tired “drill baby drill” playbook and calling for an expansion of domestic oil and gas drilling – ignoring the point that opening up access to the Pacific, Atlantic and eastern Gulf regions, which are currently off-limits to drilling, would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.  MORE >>

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