Domestic Drilling Doesn't Decrease Gasoline Prices

Posted by samzenpus on Friday March 23, 2012 @12:05AM from the let-the-flaming-begin dept.

eldavojohn writes "As the political rhetoric heats up, there's something puzzling about drilling inside the United States. Essentially, it doesn't reduce what we pay at the pump. From the article, 'A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.' If the promises that politicians made when they opened U.S. drilling were true, then we should be paying about $2 a gallon now. Instead it's $4 a gallon. Minnesota Public Radio pulls some choice quotes from both parties and wonders why this decades-old empirical observation goes seemingly completely unnoticed."

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Re:One word by TraumaFox · 2012-03-23 00:14 · Score: 5, Funny

We can only speculate
Re:Whoops! Solely AP Not MPR by Anonymous Coward · 2012-03-23 00:29 · Score: 2, Funny

my mistake
Hey, hey, stop that! We don't do that sort of thing around here.
Well Duh! by coder111 · 2012-03-23 01:24 · Score: 2, Funny

Next thing you know, they'll determine that Iraq had no WMDs and no relationship to 9/11 and war in Afghanistan does not decrease terrorism, and our glorious leaders lie, and the sky is blue! What is this world coming to! I'm shocked!

--Coder