Production goes up > prices go down > millions more people in China and India can buy gas > demand goes up > prices go up.
And how does Newt plan to prevent OPEC from regulating production to keep price where they want them?
I am in favor of increased production for economic security reasons. But it is foolish to think a US president can control the price of global commodities - there are too many factors beyond his control. This is political pandering.
If we would take advantage of the resources we have in this country, we wouldn't need anything from OPEC, and their demand would go down--plus we could actually export our own oil and gas.
Remember Nixon’s and Carter’s Idea of Price freezes ?
When we produce as much oil as OPEC.