Saturday, August 16, 2008
Representative Don Young (R, AK) argues here on YouTube that drilling for oil in ANWR will lower the price of oil in 3 years. (That's called supply side economics, a Reagan favorite.) He fails to mention that oil is sold on the world market and that US oil producers get paid just as much as OPEC nations. Nor does he mention how he would get us off our oil addiction. I'll hazard a guess that increasing the supply won't do it.
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