Here’s what the Energy Information Administration, the statistical agency that provides official data for the federal government, had to say about the anticipated additional output from offshore drilling:
“Because oil prices are determined on the international market... any impact on average wellhead prices is expected to be insignificant.”
Did anyone mention that to the bikers who were so fired up by John McCain’s “drill here and drill now” mantra? Or to the 63 percent of respondents to an ABC News poll who want the embargo on new offshore drilling to be lifted by the federal government?
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