"Fox and Kristol claim McCain’s VP choice will cause gas prices to ‘plummet.’"
On Fox News today, host Alexis Glick previewed an interview with Bill Kristol by claiming that the Weekly Standard editor believes “the second John McCain announces his VP pick, gas prices will plummet.” During the segment, the Kristol Ball’s “prediction” turned out to be that he thinks McCain might pick Alaska Gov. Sarah Palin as his running mate. Here’s why Kristol claims such a pick would lower gas prices:
KRISTOL: First, I think she would help him get elected, which would be a good thing if you want gas prices to come down. Then she’ll persuade him that we have to drill in ANWR and have an aggressive drilling program across the board.
That’s all Kristol offered to support his and Fox’s ridiculous claim. Watch it:
One major flaw in Kristol and Fox’s claim that drilling in the Arctic National Wildlife Reserve would lower prices immediately is the fact that it would take 10 years for the oil to hit the market, and even then, the reserve is estimated to have only enough oil to satisfy six months demand.