I ventured to foxnews.com today and found that over 60% of respondents on the poll, "Will offshore drilling lower gas prices in the short term?" were positive. WHAT?!?
Offshore drilling, while I am in favor of it, will not lower gas prices in the short term. Why? Because oil companies are the ones who will decide if they really are going to drill there. They would not do something that's going to cut into record-breaking profits.
What noone has figured out yet is that gas prices are directly subject to the availability of alternative fuels. Take E85, for example (which, by the way, is not a solution). If E85 starts out-selling gas (which it won't), the oil companies will lower the cost of gas just enough to make E85 the same price or higher. Bingo....problem solved...most people will switch back to gasoline (it yeilds better mileage anyways).
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