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Even if tomorrow we opened up every square mile of the outer Continental Shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best.

--Bryan Walsh for Time magazine explaining why President Bush's proposal to open drilling on the continental shelf and in ANWR to lower gas prices is somewhat disingenuous. Interestingly, Bush's father approved one of those bans.