Drill Baby Drill Won't Lower Gas Prices

Excerpts:

The problem is this: While increased oil and gas drilling in the United States may create good-paying jobs, reduce reliance on foreign oil and lower the trade deficit, it will have hardly any impact on gas and oil prices.
 

That's because the amount of extra oil that could be produced from more drilling in this country is tiny compared to what the world consumes.
 

…"This drill drill drill thing is tired," said Tom Kloza, chief oil analyst at the Oil Price Information Service, which calculates gas prices for the motorist organization AAA. "It's a simplistic way of looking for a solution that doesn't exist."