Comments on: Former U. S. DOE Undersecretary Recommends Substantial Reduction in Hydrocarbon (Fossil) Fuels

By: Duane Nichols

Duane Nichols — Sun, 25 Mar 2012 15:30:55 +0000

· Phyllis Martin, Energy Information Administration: “In 2009, the U.S. produced about 7 percent of what was produced in the entire world, so increasing the oil production in the U.S. is not going to make much of a difference in world markets and world prices … It just gets lost. It’s not that much.” (From: Jocelyn Fong, Media Matters for America).

By: Duane Nichols

Duane Nichols — Sun, 25 Mar 2012 15:20:06 +0000

· Dean Baker, Center for Economic and Policy Research: “There is almost no disagreement among economists that drilling everywhere all the time offshore will have almost no impact on the price of gasoline in the United States. The reason is that we have a world market for oil. The additional oil that might come from offshore drilling is a drop in the bucket in a world oil market of almost 90 million barrels a day.” (From: Jocelyn Fong, Media Matters for America.)

By: D. Nichols

D. Nichols — Sun, 25 Mar 2012 12:25:02 +0000

· Steve Koonin, Institute for Defense Analyses: “When you hear the international oil companies advocating for energy independence, it’s really about making money, which isn’t a bad thing … If they produce a million more barrels a day, they’re not going to change the global price much. And since they know the global price is going up, they’ll just make more money. There’s nothing wrong with that, but it doesn’t solve the price problem or the greenhouse gas problem.” (From: Jocelyn Fong, Media Matters for America).