"Palin’s Bad Oil Math"
In tonight’s debate, Palin suggested that the “$700 billion” the U.S. spends a year on imported oil (the figure is actually closer to $536 billion) could be replaced by domestic sources. She further claimed that Alaska’s “energy” supply (by which she means only oil) is helping America on the path to energy independence.
But the Washington Post’s Glenn Kessler points out that “various government agencies” have concluded that “crude oil production could be increased at most between 1 and 3 million barrels per day, on top of the 5 million barrels a
year [day] already produced domestically. The United States currently consumes about 20 million barrels annually [per day], so an expansion of domestic drilling would make barely a dent in that amount unless consumption also is reduced.”