Even the Government says Drilling won’t impact gas prices
How can Randy Kuhl claim that drilling will immediately lower prices when our own government says no.
from a reader zinnfan who reminds us….
The projections in the Outer Continental Shelf (OCS) access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.
Leasing would begin no sooner than 2012, and production would not be expected to start before 2017.
Total domestic production of crude oil from 2012 through 2030 in the OCS access case is projected to be 1.6 percent higher than in the reference case, and 3 percent higher in 2030 alone, at 5.6 million barrels per day. For the lower 48 OCS, annual crude oil production in 2030 is projected to be 7 percent higher—2.4 million barrels per day in the OCS access case compared with 2.2 million barrels per day in the reference case (Figure 20).
Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant.”
I added the graf’s and the bold. The report is from http://www.eia.doe.gov/oiaf/aeo/otheranalysis/ongr.html
[...] Meanwhile Louise Slaughter weighs in on drilling. Massa calls out Randy Kuhl of lack of debates and pushing false information on drilling. Speaking of drilling, even the Federal Government acknowledges that drilling won’t help prices significantly. [...]
[...] a year we can produce oil. Produce oil drilling new lands. Might want to check with the U.S. government or read this on how domestic oil exported with no relief at the pump. Same with Natural Gas [...]