Cheap Gas Doesn’t Mean We Should Stop Drilling
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Articles

Cheap Gas Doesn’t Mean We Should Stop Drilling

With gas prices at the pump hovering near $2 a gallon, many Americans are reveling in the belief that this represents a long-term shift to an oversupply of domestic gasoline resources. While it’s hard to predict how long we will enjoy these lower prices, we all know how volatile the energy market can be. We are just a world crisis away from oil prices soaring again. We don’t need long memories to recall that inflation-adjusted oil prices reached an all-time low in...