Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

FACT CHECK: More US drilling didn't drop gas price
The Associated Press ^ | 3:06 p.m. Wednesday, March 21, 2012 | SETH BORENSTEIN

Posted on 03/21/2012 2:29:23 PM PDT by Dacula

Edited on 03/21/2012 4:01:12 PM PDT by Admin Moderator. [history]

WASHINGTON It's the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show.

A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.


(Excerpt) Read more at ajc.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: ap; democratmedia; democrats; dnc; dnctalkingpoints; drill; drillheredrillnow; enemedia; energy; fraud; gasprices; liberalmedia; lyingmedia; mediabias; msm; obamedia; oil
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-93 next last
I cannot find any related articles on this report and have seen it throughout the day.
1 posted on 03/21/2012 2:29:33 PM PDT by Dacula
[ Post Reply | Private Reply | View Replies]

To: thackney

Ping for your comments


2 posted on 03/21/2012 2:34:50 PM PDT by EdReform (Oath Keepers - Guardians of the Republic - Honor your oath - Join us: www.oathkeepers.org)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

I get so sick of the left’s twisted obfuscation to protect the Obamafuscator - n - chief.

I can’t read their tripe any more. What would happen if Supply is decreased? By their logic, gas prices will go down. silly twisted sick.


3 posted on 03/21/2012 2:35:57 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula
A statistical analysis of 36 years of....gasoline prices and U.S. domestic oil production by The Associated Press

I'd like to see more than just an analysis by the AP before I drink THAT kool-Aid.

4 posted on 03/21/2012 2:37:30 PM PDT by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

The author is a dimwit. Drilling and prices will be positively correlated any time higher prices elicit more drilling. The price decline will occur with a lag as the results of the drilling come online and increase supply


5 posted on 03/21/2012 2:38:09 PM PDT by Curmudgeon2K
[ Post Reply | Private Reply | To 1 | View Replies]

To: FreeAtlanta

We can drill every square inch of land...but since the left obscures the issue that their regs close refineries and destroy infrastructure it’s easy to make their meme ‘fact’.

The press is a Marxist entity.


6 posted on 03/21/2012 2:38:52 PM PDT by Norm Lenhart
[ Post Reply | Private Reply | To 3 | View Replies]

To: Dacula

Here is a fact.\We may have drilled more but we are now shipping more out then we ship in? WHY? How is it economically good to ship oil out and ship oil in? USE WHAT WE GOT..........


7 posted on 03/21/2012 2:39:21 PM PDT by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

What would happen to the price of oil if we stopped pumping baby stop?


8 posted on 03/21/2012 2:39:24 PM PDT by DManA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Psalm 73

Lies, damn lies, and The Associated Press


9 posted on 03/21/2012 2:39:52 PM PDT by EdReform (Oath Keepers - Guardians of the Republic - Honor your oath - Join us: www.oathkeepers.org)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Dacula

10 posted on 03/21/2012 2:40:36 PM PDT by Colonial Warrior (Help us OB/GYN! You are our only hope!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Curmudgeon2K

So... are they suggesting LESS DRILLING will lower the price of gas??

What’s their explanation for the drop in Natural Gas prices in the US?


11 posted on 03/21/2012 2:41:01 PM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Dacula
"Yet it was during the last few months of Bush's term in 2008 that gas prices hit their highest: $4.27 when adjusted for inflation.

What, specifically, does this mean? Are they saying that it would be $4.27/gallon at today's prices? What a POS way of trying to make the price under Bush seem higher than the price under Obama. Sheesh....

12 posted on 03/21/2012 2:43:16 PM PDT by DJ Frisat ((optional, printed after my name on post))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

It’s an article from AP. Enough said.


13 posted on 03/21/2012 2:44:22 PM PDT by VideoDoctor
[ Post Reply | Private Reply | To 1 | View Replies]

To: SomeCallMeTim

Excellent correlation.


14 posted on 03/21/2012 2:45:27 PM PDT by Eric in the Ozarks (Beware the Sweater Vest)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Dacula
In other news: Gravity is not an attractive force. Increased supply doesn't reduce costs. Summer is actually colder than winter. Water isn't wet. Dogs don't bark. 0bama is a competent President. Communism has never really been given a chance to succeed. The moon is made of green cheese.

Yeah. Sure. Great story bro!

15 posted on 03/21/2012 2:45:59 PM PDT by allmendream (Tea Party did not send GOP to DC to negotiate the terms of our surrender to socialism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

SETH BORENSTEIN

Science Writer at The Associated Press
member at Society of Environmental Journalists

By Seth Borenstein, Raphael Satter and Malcolm Ritter, Dec 12, 2009

“E-mails stolen from climate scientists show they stonewalled skeptics and discussed hiding data — but the messages don’t support claims that the science of global warming was faked, according to an exhaustive review by The Associated Press.”

Press Here

How Will AP's Borenstein Respond to Peter Gleick's Admission That He Stole Documents From Heartland?

Peter Gleick, described in a related UK Guardian story as "a water scientist and president of the Pacific Institute," said last week that he "obtained" documents from the Heartland Institute about its strategy to, in part and in Borenstein's words (from his 1,000-word dispatch), "teach schoolchildren skepticism about global warming." Now, Gleick has admitted that he stole them (Gleick's description: "I solicited and received additional materials directly ... under someone else’s name"). Oops. It get worse for Borenstein and the wire service on at least two levels.

16 posted on 03/21/2012 2:47:16 PM PDT by kcvl
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

“It was a case of drilling more and paying much more. “

And the absurdity of this situation is something to tout, draw conclusions from and establish policy on? Idiots.

Band-aid on top of band-aid. One foolish decision based on another. What a joke. We’re too f’n stupid to deserve this country.


17 posted on 03/21/2012 2:47:29 PM PDT by APatientMan (Pick a side)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Curmudgeon2K

If you think about it, there should be some correlation between prices and drilling but with a time lag. As oil prices rise, the incentive to drill will increase. But it takes time to start drilling. Once prices peak and start to drop, then drilling will start to drop. But it takes time to stop drilling.

This would take a bit more sophistication than what AP appears to provide.


18 posted on 03/21/2012 2:48:20 PM PDT by DugwayDuke
[ Post Reply | Private Reply | To 5 | View Replies]

To: Dacula

Oh, OK, lets just stop drilling then, since it won’t have any negative effects.

China and the rest of the world drive demand now and therefore prices. Also, the dollar is becoming cheapened, which drives gas prices up. The better reason for us to drill here is jobs plus the $$$ we make from exports. If we hadn’t increased production, we’d be paying $6/gallon now.


19 posted on 03/21/2012 2:48:35 PM PDT by cookcounty (Newt 2012: ---> Because he got it DONE.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dacula

Here is a fact.\We may have drilled more but we are now shipping more out then we ship in? WHY? How is it economically good to ship oil out and ship oil in? USE WHAT WE GOT..........


20 posted on 03/21/2012 2:50:20 PM PDT by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-93 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson