Indeed supply and demand economics would indicate that prices would drop. However, demand is still increasing and Biden and others’ argument is that ANWR oil supplies would not be enough to offset our dependence on foreign oil. It would be merely a short term solution.

Now, I don’t pretend to know for certain whether Biden is right or wrong…I am no economist. However, I do believe that there is some amount of price fixing going on in the oil industry…recent record-setting profits by Big Oil are good evidence that they are passing more than enough of the load along to the pumps. Furthermore, whether or not OPEC will raise prices in response to drilling in Alaska is up for debate, but they certainly COULD. Either way we will still NEED their oil for the foreseeable future…which gives them a considerable amount of power.

As for Sarah Palin, she does profess to “do it all.” Yet she does not clearly express how. Her running mate professes ‘Clean coal’ and nuclear power, followed by renewables. With politicians, who can sweet talk with the best of them, I believe we can only look at their history. Sarah Palin and, more specifically, her home state of Alaska do not have a very admirable record in terms of pursuing all options. Neither does McCain. I suppose we shall see…

Sarah Palin specifically stated that it is necessary to do it all! We have to wean ourselves off the oil and it will take a decade or more. In the mean time we need to stop buying oil from countries that want to destroy us.