"We would expect it to have an effect on the price, it's very difficult to quantify," - Keith Hennessey, director of Bush's National Economic Council.
Yeah it would. Prices would uptick slightly to generate funds needed to begin the new drilling iniatives and then would level off slightly higher than they are now. But BP in Alaska and Exxon Mobile in the gulf would generate higher profits as they sold the oil they drilled on US territory to Asia and Europe on the international free market at the same price rates set by OPEC. Net benefit to the American consumer... another swift kick in the pocketbook and less environmentally protected real estate. How is that for analysis, Keith?
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