Would Offshore Drilling Bring Gas Prices Down? — by Catherine Morgan
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This will be part one in a series of posts I will be doing on gas prices and offshore drilling. I want to take a look at the facts, and attempt to separate the truth from the fiction. Would offshore drilling lower gas prices? Why do the oil companies need more places to drill, if they aren’t even using all of what they have now? How would more offshore drilling effect the environment? Does this have more to do with politics than the people? These are just a few of the many question we will try to answer here.
Let’s start with an article in today’s New York Times. Here are a few excepts from that article, I really recommend you read the full piece.
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