Offshore Drilling and Energy Conservation: The Relative Impact on Gas Prices
Publication Date:
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker; Nichole Szembrot
Research Area: Energy
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.
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