Home pagePress CenterIn the Media A CSIS Energy and National Security Event, "International Energy Outlook, 2008," was quoted by Reuters, "More Offshore Drilling Does Little at Pump -- EIA."
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A CSIS Energy and National Security Event, "International Energy Outlook, 2008," was quoted by Reuters, "More Offshore Drilling Does Little at Pump -- EIA."
WASHINGTON, June 25 (Reuters) - Allowing oil drilling in U.S. offshore waters that are now closed to energy exploration would do little to lower gasoline prices paid by consumers, the government's top energy forecaster said on Wednesday.
"It would be a relatively small effect, because it would take such a long time to bring those supplies on," Caruso said during a briefing at the Center for Strategic and International Studies on the EIA's new long-term international energy forecast. "It doesn't affect prices that much."
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