This is the biggest lie among many whoppers coming from the ineptocracy we have in Washington.
If we elected someone who would reverse Obama's energy-strangling policies, over-night you would see the benefits of the futures speculation on oil. Crude prices would go down some immediately and a lot over time. With fast-tracking the issue of permits, rigs could be erected in a matter of months. With the new extraction technologies, we have massive amounts of crude on our lands and off our shores.
The argument that we shouldn't do this because "it will take a long time" is disingenuous in the extreme, and displays child-like reasoning.
If only, back in 2007, we had drilled when the no-drill excuse was that it would take 5 years to reap the price benefits so it isn’t worth it.