Who said drill here drill now
His promise is that blocking the Lieberman-Warner climate bill and opening up drilling off the coasts, in the Gulf of Mexico, in northern Alaska, and in the Rockies for oil shale would lower gas prices. Now, for one thing that's just false. According to the Energy Information Administration, the U. Even if we started drilling today, it would be 10 years before we got substantial production out of those fields, and 20 years before peak production.
They are ignoring our entreaties to pump more because they like these supply constraints just fine and they probably couldn't pump any faster if they wanted to. Say we start pumping those reserves out into the world oil market. What's to stop Saudi Arabia from dialing back production a little bit, so supply and prices stay roughly the same? Answer: nothing.
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