I would like to make a couple of points here. Newt Gingrich made some statements on FOX NEWS last night that gives the lie to the argument that new drilling would have no effect on the price of oil in the short term. He stated that the mere fact of Congress voting to allow such drilling would have a stimulating effect on the market, and a drop in the market price would certainly follow.
Another point was that ten years ago, Bill Clinton vetoed a measure that would have allowed offshore drilling, using as his justification, that it would take ten years for it to lower prices. So, here we sit, ten years later, and the democratic leadership in Congress is making that same argument to justify another ten year delay.
Are these the people we actually want to make such decisions?