The U.S. Department of Energy's Energy Information Agency (EIA) projects that such drilling would add some 200,000 barrels of oil per day at peak oil production in about 20 years. This is about 0.2 percent of world production, and the EIA describes this as too small to have any significant affect on oil prices.

Check out the press release and report here at the Center for Economic Policy and Research.

This report attributes media reporting (or lack thereof) to American's opinions that off-shore drilling will lower gas prices, which is not true. The CEPR report shows, in Table 2, that of 267 major television news broadcasts mentioning oil drilling only one (less than 1/2 of 1%) mentioned EIA data refuting the claim that gas prices would be significantly affected.

Once again the media is manipulating public opinion. The media will possibly manipulate the outcome of this election.

When will we learn? What can be done?