Jul 15, 2008
Even Western New York Economists Find Randy Kuhl’s Plan to Reduce Gas Prices Laughable
President George W Bush was so confident that Randy Kuhl would always protect Big Oil's best interest, that earlier this month he named Kuhl as his point man on the effort to drill for more oil as a way to reduce gas prices. What's too bad for Kuhl is that his plan doesn't pass the smell test. In an article in Sunday's Daily Messenger, three local economic experts debunked Kuhl's plan to cut gas prices in half, stating it "miss[ed] the mark," and adding that drilling for oil is nothing more than "a Band-aid, a false hope." The reporter even noted that "one of [the experts] laughed when the Messenger sought comment." [Daily Messenger, 7/13/08]
"Congressman Kuhl may think that New Yorkers can be fooled by gimmicks and empty promises, but the $4 a gallon gas crisis won't be solved by rubberstamping George W. Bush's failed energy policy," said Carrie James, regional press secretary at the Democratic Congressional Campaign Committee. "Randy Kuhl is so deep in the pocket of Big Oil that it's not surprising he is trying to mislead working families to protect Big Oil. Western New Yorkers will see right through these political games and pandering. When it comes to solving the problem of high gas prices - Representative Kuhl's plan is nothing but a lot of hot air."
Randy on Record High Gas Prices:
- Kuhl has an energy theory: The nation needs short-term fixes -- more drilling and more oil -- and long-term fixes with more alternative sources of energy. But when the campaign shifts into higher gear, he'll need specifics or voters are going to be skeptical of his words. [Star Gazette, 7/6/08]
- Randy Kuhl has taken $37,600 from Big Oil companies. [Center for Responsive Politics]
- Randy Kuhl has said
he has a plan to reduce gasoline prices to $1.98 per gallon. According to the Messenger
Post, Local experts said Randy Kuhl's plan to drill for oil would cut gas prices
in half is a sham. [Daily
- "According to three experts, two from the University of Rochester and one from Hobart and William Smith Colleges, the calculations miss the mark because they don't look at the big picture. In fact, Mark Bils, a University of Rochester professor of economics, laughed when he heard the calculations."
- "Ben Ebenhack, senior lecturer in chemical engineering at the University of Rochester, is a former petroleum engineer who worked for Union Oil, now Chevron. Ebenhack said if people continue to use gasoline at the current pace, he wouldn't be surprised to see prices here rise to $20 a gallon within the next two decades. ‘We've got quite a challenge with our consumption patterns,' said Ebenhack. The answer is not drilling for more oil, he said."
- "Tom Drennen is associate professor of economics at Hobart and William Smith Colleges. Drennen agreed that the plan for more drilling would have ‘limited impact' on prices. ‘Nothing we do with the domestic supply will significantly affect the global supply,' he said."