Mark Cooper: “But more drilling is never going to be enough to reduce global oil…”

On the recordMarch 16, 2011

But more drilling is never going to be enough to reduce global oil prices or U.S. imports of foreign oil in any meaningful way.

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Georgia

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Drilling alone won't significantly lower oil prices or imports.

More from Mark Cooper

Jul 20, 2009

I actually believe we should raise taxes to promote investment in the real economy, absolutely.

Mar 16, 2011

Since the Arab Oil Embargo of 1973, it has been clear that the United States must reduce its consumption of oil.

Mar 16, 2011

Don't bet your farm on it. You would never make an investment on the basis of that kind of analysis.

Mar 16, 2011

Reducing our share of global oil consumption from 25 percent could have a real impact on both oil prices and on imports.

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Mark Cooper: “But more drilling is never going to be enough to reduce global oil prices or U.S. imports of foreign oil in any…”