Why is McCain ridiculing Obama for a solution that would actually have an immediate impact on our fuel usage?
I’ll give you one guess…
The Bush Administration estimates that expanded offshore drilling could increase oil production by 200,000 bbl. per day by 2030. We use about 20 million bbl. per day, so that would meet about 1% of our demand two decades from now.
Meanwhile, efficiency experts say that keeping tires inflated can improve gas mileage 3%, and regular maintenance can add another 4%. Many drivers already follow their advice, but if everyone did, we could immediately reduce demand several percentage points.
In other words: Obama is right.
So Obama’s suggestion puts some power back in my hands to save hundreds of dollars every year, while at the same time helping keep domestic demand down, which could have the net effect of making prices a little bit more palatable?
Excuse me while I go check my tire pressure…