There are already tens of millions of acres of oil fields leased but not being developed.
Oil taken out of the Gulf of Mexico does not come to the US, and the US gets no royalties for it.
Drilling on the Outer Continental Shelf would reduce the price of gas by $0.03 per gallon by 2030. (source: the US Energy Information Administration)
Just letting oil companies drill more – even if they would – is not the answer.
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