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Offshore Drilling and Energy Conservation: The Relative Impact on Gas Prices

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Publication Date:

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker; Nichole Szembrot

Topic: Energy (Energy policy)

Keywords: Oil drilling; Gasoline; Auto fuel

Type: Brief

Coverage: United States

Abstract:

This issue brief compares projected savings from drilling in presently restricted offshore zones and savings if the nation had continued adjusting fuel efficiency standards at 1980-1985 rates. The issue brief projects savings through 2027, the year in which offshore drilling would reach peak capacity.