The media is practically criminal for not talking about the need to drill for more oil.
Even IF that wouldn't reduce price, it's a national security issue. And it will reduce price.
It'll reduce the price marginally, mainly b/c of the proximity of the supply and the refineries, but more importantly, it would keep more of the wealth IN our country in times of such high prices. and if it's sold on the world market (duh) then it'll bring more value to our GDP.