Comments on: Drilling Now Can Lower Oil Prices Today

By: Morning Bell: Drilling to Save the Economy | The Foundry: Conservative Policy News.

Tue, 12 Jan 2010 21:19:59 +0000

[...] that would lower prices today. As former former Reagan chief economic adviser Martin Feldstein explains: The relationship between future and current oil prices implies that an expected change in the [...]

By: dave las vegas

dave las vegas — Thu, 05 Feb 2009 20:02:09 +0000

If drilling today will lower oil prices…OPEC will cut production to raise the price back up.

By: Garden State Patriot | Environmental Extremists Attempt To Block Energy Projects Off New Jersey’s Coast

Fri, 05 Dec 2008 03:21:46 +0000

[...] have little impact on price. However, these claims were debunked by numerous economists, including Harvard Professor Martin Feldstein and Kevin Hasset, director of economic-policy studies at the American Enterprise [...]

By: McCain would be the perfect president. - Page 2 - US Message Board

McCain would be the perfect president. - Page 2 - US Message Board — Thu, 14 Aug 2008 17:39:04 +0000

[...] Refuge (ANWR) would reduce the price of oil by $20 per barrel. Here’s some immediate relief… http://theheritagefoundry.org/2008/0…-prices-today/ Current Harvard economics professor and former chief economic adviser to President Ronald Reagan [...]

By: Obama Goes Negative…Again | The American Pundit

Obama Goes Negative…Again | The American Pundit — Tue, 05 Aug 2008 15:39:36 +0000

[...] out that it could take time for McCain’s proposal to take effect at your local station (a debatable point), but what does Obama propose to lower gas prices? He supports a one-time rebate for Americans that [...]

By: Obama Flips on Domestic Drilling | The American Pundit

Obama Flips on Domestic Drilling | The American Pundit — Mon, 04 Aug 2008 16:08:58 +0000

[...] Reagan’s chief economic advisor and Harvard economics professor Martin Feldstein, however, explains in an article: Similarly, increasing the expected future supply of oil would also reduce today’s price. That [...]

By: m stokes-Tulsa OK

m stokes-Tulsa OK — Wed, 30 Jul 2008 12:25:44 +0000

Drill the oil where ever it is. Yes protect the earth but drill. More oil means jobs, cheap gas we can afford, more tax money you free givers can hand out. Set limits on big oil greed and wallstreet. If I have to pay high price for gas, it better be American. No more liberal do gooders. Drill American, keep money in America. When you drill american oil, OPEC will drop price fast. PS– I do understand the big picture.

By: Howard

Howard — Thu, 24 Jul 2008 14:48:03 +0000

America's infrastructure is based on oil. All the trucks, planes, trains, ships, that deliver all goods to market run on oil. All automobiles, as well as all the gas stations across America run on oil. All petroleum based products, run on oil. Although alternative fuels most definitely should be developed, in the mean time America must have oil to keep our economy from screeching to a halt. In addition, our national security requires energy independence ASAP, so that we are not transferring all our wealth to foreign countries who do not like us, and who can cripple us by turning off the spigot, disrupting oil transport to us, or arbitrary oil price hikes. These are all reasons why we must be drilling for more oil right now and right here in the U.S.A. … ASAP. Nancy Pelosi and her cronies stubborn commitment to petty party politics, instead of realistic concern over our national interest, even in the face of 76% of Americans who want off shore drilling now, will end up in bringing America to its knees.

By: Leo, Los Angeles

Leo, Los Angeles — Thu, 17 Jul 2008 02:36:50 +0000

This proposal for more drilling is a bogeyman. Oil is not like your ordinary commodity. It's like any other essential like water and electricity. The price of it does not and will not go down just because of an increase in supply. Whatever price the oil companies and traders dictate, we will have to pay it because we need it. This is called "inelastic" pricing in economics. The oil that the companies will extract here will not be sold at lower prices than in the world markets. Just look at what they are doing now. Is Alaska and Texas crude cheaper than Saudi or Canadian crude? The new proposal is just a smokescreen to diffuse attention away from what this administration and the oil companies are doing – raping the world economy shamelessly while they can until there is a change in administration that may get in their way. Wake up people. Republicans are pulling out the same tricks that they have pulled in each and every election in recent history. Remember, the saying, "fool me once…..". You know the rest.

By: Mahoney: Against Domestic Oil Exploration — Florida 16

Mahoney: Against Domestic Oil Exploration — Florida 16 — Tue, 15 Jul 2008 18:48:33 +0000

[...] of all, increasing the expected supply of oil resources decreases the price of oil futures. As has been pointed out by Harvard economics professor and President Reagan chief economic adviser Martin Feldstein, [...]