"We're the Saudi Arabia of oil"
Oh, Jeebus. I guess that makes Saudi Arabia the "United States of Softcore Pornography"*.
If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."
*this just in, Phil Gramm is off on a business trip to Saudi Arabia.