Schumer's energy math--Million barrels more from Saudis saves 62 cents gallon, from AANWR 1 cent

Marc Shepherd:

Senator Chuck Schumer claims that coercing Saudi Arabia to increase oil production by 1 million barrels a day would drop the per barrel price by $25, saving Americans 62 cent per gallon at the gas pump. Yet, somehow, that same amount of oil coming from Alaska's Arctic National Wildlife Refuge would only ease oil prices by a penny.

...

Yet Schumer's daily magic number of 1 million barrels is the exact increase experts believe we would today be pumping through the Alyeska pipeline had Bill Clinton not vetoed ANWR drilling back in 1995. And even the most rabid anti-domestic-drilling Democrats don't take issue with that figure.

So then, the increase he demands of "Bush's friends," the Saudis - which he claims would reduce prices by up to 25 percent -- is the exact amount he argued earlier this month would only "reduce the price of oil by a penny" were it coming from ANWR - eco-sacred breeding ground of the Porcupine Caribou.

...
I have always felt that Sen. Schumer was talking through his hat on the price of oil and now Marc Shepherd has come up with the math to show just how disingenuous the Democrat Senator from New York is. Hat tip Larwyn.

Doug Ross adds some details to the equation.

I think every GOP senate candidate should be asking their opponent if they agree with Schumer's figures and his anti energy policy.

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