Suppose for a moment that Congress listens to President Bush's remarks Wednesday and removes the decades-old ban on offshore drilling for oil and natural gas on the Outer Continental Shelf. Who wins, aside from the oil industry?[. . .]
Anthony Cordesman, an energy expert at the Center for Strategic and International Studies and a former national security assistant to McCain, says trying to solve the problem by focusing on supply or demand won't help the U.S. achieve energy independence. And it won't make oil cheap. "It may just make it less expensive," he says. Read More
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