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Tuesday, August 16, 2011
CNS Columnist Gets It Wrong on Oil Drilling Moratorium
Topic: CNSNews.com

The Heritage Foundation's Ed Feulner asserted in an Aug. 12 CNSNews.com column: "If the Obama administration were serious about lowering gasoline prices, it would immediately lift the moratorium it placed on deep-water drilling."

Just one problem with that: As Media Matters points out, the Obama administration lifted the moratorium last October. Further, experts say that minor changes in U.S. production have little impact on the global oil market, which determines the price of gasoline.


Posted by Terry K. at 9:13 AM EDT

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