From Department of Energy
Opening the Outer Continential Shef (OCS) will have little consequence on our total domestic product.
And remember that our total domestic production is very small compared to the world and our use.
The United States own’s less than 3 percent of the world’s oil. Yet we use over 25% of the supply. Drill, Baby, Drill amounts to nothing more than sticking your head in the sand and ignoring the impending energy crisis. Sound eerily similar to what happened to Wall Street.