Well, the fact of the matter is--and the president knows this--is that if you drill offshore today, you won't have any impact at the price at the pump for 10 years, and then, it's 2 cents. We can move much quickly by releasing oil from the strategic petroleum reserve and having an impact at the pump in 10 days, in 10 days.
Her first point is debatable. Expectation of future supply does play a role in the market today. As for her second point, tapping our oil reserve is hardly a sustainable long-term strategy.
So why is--this is the oil company position, to drill offshore without any comprehensive approach to other aspects of it.
I'm not particularly interested in what the oil company position is, but as far as Republicans go, I've already argued this is a straw-man.
You can have a transition with natural gas. You can have a transition with natural gas. That, that is cheap, abundant and clean compared to fossil fuels. So, so there is a way to transition this instead of doing more of the same.
How long will it take to retrofit existing gas stations to serve up natural gas? How many cars today can run on natural gas? Even if car makers started making natural gas based cars today, how long would it be until those new vehicles start trickling down to poor Americans? In the meantime, how much will those poor Americans be paying to fill up their old gasoline-fueled vehicles?
Wrong Rating: 3 out of 4 (gross distortion)
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