Reply #8: Bush's economist says it won't make a difference [View All]

TWEETY: If we were taking apart the ANWR and drilling everywhere, would the price of gas be much different? In the world market, since this all fungible, if we were doing all that here in the United States, would the price of gas be much different? I‘m just asking that question.

HOLTZ-EAKIN: No, he can‘t change the price very much. So, I mean, he‘s trying to do things—

TWEETY: But the conservatives are saying all you have to do is pump like—all you got to do is drill like—Pawlenty said, just got at this, dig, dig, and dig, drill, drill, and drill, and somehow the price of the gas is going to down on the world market. You‘re saying that‘s not true?

HOLTZ-EAKIN: Well, I mean, you can‘t change the oil price very much with the U.S. exploration. It certainly can‘t change it quickly. We know that. And I think Republicans have been honest about that.

April 28, 2011

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