The truth is, there’s no silver bullet that can bring down gas prices right away.
But there are a few things we can do. This includes safe and responsible production of oil at home, which we are pursuing. In fact, last year, American oil production reached its highest level since 2003.
-Remarks of President Barack Obama,
Weekly Address on Gas Prices
Saturday, April 23, 2011
The more the President attempts to explain his plan to address the U.S.' energy problem, the less sincere he sounds. As if he is going through the motion of feeling our pain at the pump, not to mention at the supermarket. In his weekly radio address on Saturday, the President’s position on the rise in gasoline prices was wrought with contradictions, suspect boasts and bromides from the Birkenstock-wing of his party.
This is true; there are no quick answers. Part of the answer has been sitting up in ANWR. The U.S. Geological Survey estimates between 5.7 and 16 billion barrels of technically recoverable oil within the Reserve.
If we had tapped into ANWR in the mid 1990s when debate on the subject began in earnest, then today we would be producing enough oil to forego imports from Hugo Chavez’s PdVSA for the next 28 years. Surely that could have bought us time to invest in alternative sources of energy.