In a segment ending with the disclosure that "Fox News Sunday with Chris Wallace is brought to you by "The People of America's Oil and Natural Gas Industry" and immediately followed by the American Petroleum Institute (API) front group's misleading ad, the Fox News host seized on one of John McCain's more recent flip-flops siding with President Bush's recent call to rescind the ban on offshore oil drilling and asked over and over why McCain won't cave all the way to big oil and also allow for oil exploration in the Alaskan Arctic Wildlife Refuge, ANWR.
In the process of spewing talking points on behalf of his show's sponsor, Wallace brings Obama into the discussion by joining the growing list of conservative dittoheads in the media who have been repeating this same false claim made by McCain last Tues. about oil spills and Hurricane Katrina:
Wallace: Obama talks about environmental damage from drilling offshore but the fact is the moratorium was put into effect in 1981. There's been a lot of technological advances since then. We had Hurricane Katrina go through the heart of the Gulf of Mexico and ravage these oil rigs and there were almost no oil spills, so what's he talking about?"
As ThinkProgress points out, that's not true at all.
As Sen Reid correctly pointed out, this recent push by George Bush & John McBush represents "nothing more than a cynical campaign ploy that will do nothing to lower energy prices, and represents another big giveaway to oil companies already making billions in profits." and the NYT went further to note that "the only real beneficiaries will be the oil companies that are trying to lock up every last acre of public land before their friends in power -- Mr. Bush and Vice President Dick Cheney -- exit the political stage."
In fact, the oil industry has yet drilled in just 19 percent of the more than 40 million acres they already can that are not covered by the current ban -- 40 million acres that represent 79 percent of America’s technically recoverable offshore oil reserves. Using generous estimates from the latest analysis from Bush's own Department of Energy, allowing for unlimited drilling both offshore and in ANWR "would lower the price at the pump by less than 6 cents by 2025."
How much do you reckon a gallon of gas will be in 2025, with or without the hypothetical $0.06 a gal. savings?