From the Wit (mostly wit – ed) & Wisdom Files comes this from the senior New York Senator Chuck Schumer and heard during the recent “big oil” dog and pony show on Capital Hill.
claimed “if [Saudi Arabia] did a million barrels of oil a day increase from today, it would go down about — the translation to gasoline would be about $.50 a gallon, maybe $.62.”
As Newsbusters notes it was just a couple weeks ago Schumer claimed a likely similar increase from drilling in ANWR would “reduce the price of oil by a penny.”
Obviously this old war horse of a Senator needs a new abacus. Or a swift kick in the ass on his way out of the Senate chambers. Permanently.