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department of energy

No empirical basis that off-shore drilling will significantly affect gas prices

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The U.S. Department of Energy's Energy Information Agency (EIA) projects that such drilling would add some 200,000 barrels of oil per day at peak oil production in about 20 years. This is about 0.2 percent of world production, and the EIA describes this as too small to have any significant affect on oil prices.

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