FACT CHECK: More US drilling didn't drop gas price

The Associated Press ^ | 3:06 p.m. Wednesday, March 21, 2012 | SETH BORENSTEIN

[Dacula]

WASHINGTON

[Dacula]

I cannot find any related articles on this report and have seen it throughout the day.

[EdReform]

Ping for your comments

[FreeAtlanta]

I get so sick of the left’s twisted obfuscation to protect the Obamafuscator - n - chief.

I can’t read their tripe any more. What would happen if Supply is decreased? By their logic, gas prices will go down. silly twisted sick.

[Psalm 73]

A statistical analysis of 36 years of....gasoline prices and U.S. domestic oil production by The Associated Press

I'd like to see more than just an analysis by the AP before I drink THAT kool-Aid.

[Curmudgeon2K]

The author is a dimwit. Drilling and prices will be positively correlated any time higher prices elicit more drilling. The price decline will occur with a lag as the results of the drilling come online and increase supply

[Norm Lenhart]

We can drill every square inch of land...but since the left obscures the issue that their regs close refineries and destroy infrastructure it’s easy to make their meme ‘fact’.

The press is a Marxist entity.

[SECURE AMERICA]

Here is a fact.\We may have drilled more but we are now shipping more out then we ship in? WHY? How is it economically good to ship oil out and ship oil in? USE WHAT WE GOT..........

[DManA]

What would happen to the price of oil if we stopped pumping baby stop?

[EdReform]

Lies, damn lies, and The Associated Press

[Colonial Warrior]

[SomeCallMeTim]

So... are they suggesting LESS DRILLING will lower the price of gas??

What’s their explanation for the drop in Natural Gas prices in the US?

[DJ Frisat]

"Yet it was during the last few months of Bush's term in 2008 that gas prices hit their highest: $4.27 when adjusted for inflation.

What, specifically, does this mean? Are they saying that it would be $4.27/gallon at today's prices? What a POS way of trying to make the price under Bush seem higher than the price under Obama. Sheesh....

[VideoDoctor]

It’s an article from AP. Enough said.

[Eric in the Ozarks]

Excellent correlation.

[allmendream]

In other news: Gravity is not an attractive force. Increased supply doesn't reduce costs. Summer is actually colder than winter. Water isn't wet. Dogs don't bark. 0bama is a competent President. Communism has never really been given a chance to succeed. The moon is made of green cheese.

Yeah. Sure. Great story bro!

[kcvl]

SETH BORENSTEIN

Science Writer at The Associated Press
member at Society of Environmental Journalists

By Seth Borenstein, Raphael Satter and Malcolm Ritter, Dec 12, 2009

“E-mails stolen from climate scientists show they stonewalled skeptics and discussed hiding data — but the messages don’t support claims that the science of global warming was faked, according to an exhaustive review by The Associated Press.”

Press Here

How Will AP's Borenstein Respond to Peter Gleick's Admission That He Stole Documents From Heartland?

Peter Gleick, described in a related UK Guardian story as "a water scientist and president of the Pacific Institute," said last week that he "obtained" documents from the Heartland Institute about its strategy to, in part and in Borenstein's words (from his 1,000-word dispatch), "teach schoolchildren skepticism about global warming." Now, Gleick has admitted that he stole them (Gleick's description: "I solicited and received additional materials directly ... under someone else’s name"). Oops. It get worse for Borenstein and the wire service on at least two levels.

[APatientMan]

“It was a case of drilling more and paying much more. “

And the absurdity of this situation is something to tout, draw conclusions from and establish policy on? Idiots.

Band-aid on top of band-aid. One foolish decision based on another. What a joke. We’re too f’n stupid to deserve this country.

[DugwayDuke]

If you think about it, there should be some correlation between prices and drilling but with a time lag. As oil prices rise, the incentive to drill will increase. But it takes time to start drilling. Once prices peak and start to drop, then drilling will start to drop. But it takes time to stop drilling.

This would take a bit more sophistication than what AP appears to provide.

[cookcounty]

Oh, OK, lets just stop drilling then, since it won’t have any negative effects.

China and the rest of the world drive demand now and therefore prices. Also, the dollar is becoming cheapened, which drives gas prices up. The better reason for us to drill here is jobs plus the $$$ we make from exports. If we hadn’t increased production, we’d be paying $6/gallon now.

[SECURE AMERICA]

Here is a fact.\We may have drilled more but we are now shipping more out then we ship in? WHY? How is it economically good to ship oil out and ship oil in? USE WHAT WE GOT..........