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Times reported that Dems argue "coastal exploration would have no immediate impact on gas prices," but not that the Energy Dep't agrees

July 25, 2008 4:48 pm ET

SUMMARY: The New York Times reported that "leading Democrats" argue "that allowing additional coastal exploration [for oil] would have no immediate impact on gas prices." But the article did not note that it is not only "leading Democrats" who have pointed out that access to currently off-limit areas would have no immediate impact on prices: The U.S. Department of Energy has estimated that allowing the congressional and executive moratoriums on certain off-shore drilling to expire in 2012 "would not have a significant impact on domestic crude oil and natural gas production or prices before 2030."

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