Slashdot Mirror
Domestic Drilling Doesn't Decrease Gasoline Prices
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."
"how will the price be determined?"
From each according to his ability, to each according to his need.
"National Security is the chief cause of national insecurity." - Celine's First Law
Fuck you back for thinking that the rest of us should subsidize a lifestyle for you where you drive 50 miles to and from work each day. You wanna live that far from your job? Then you can pay for it.