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Cuts Both Ways

Posted By Don Boudreaux On August 3, 2008 @ 10:06 am In Energy,Environment,Myths and Fallacies,Prices,Regulation | Comments Disabled

Here’s a letter that I sent today to the Baltimore Sun:

Brad Heavner says that “drilling off our coasts would have no significant impact on gasoline prices – not in the short term, not in the long term, not ever” (Letters [1], August 3).  If so, then Mr. Heavner is mistaken to worry that such drilling would “increase our dependence on oil and produce more global warming pollution,” for any such impact would also be insignificant.  An amount of oil that would affect prices only inconsequentially is an amount of oil that would affect global warming and Americans’ use of oil only inconsequentially.

And see Ross Kaminsky on this topic [2].

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[1] Letters: http://www.baltimoresun.com/news/opinion/letters/bal-ed.le.letters03a2aug03,0,579761.story

[2] And see Ross Kaminsky on this topic: http://www.humanevents.com/article.php?print=yes&id=27653

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