The Hill News

Those that tell you that we can drill our way to $2-a-gallon gas are selling fool’s gold.
 
Nationwide, our gas use has consistently gone down over the past couple of years. At the same time, our domestic production is at the highest level it has been in eight years, with the number of rigs in U.S. oil fields quadrupling in the past three years alone. It has even gotten to the point where American refineries have begun to export their fuel abroad - in 2010, we exported 2.3 million barrels of crude oil a day - and our use of foreign oil is at a 16-year low. If the drilling proponents are correct, then our gas prices should be at their lowest. But, with some analysts predicting that gas prices will hit $5 a gallon this summer, this clearly is not the case.

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