Drilling Now Will Impact Oil Prices Today

American Solutions Blog points to a new study that demonstrates that new drilling - even if it won't bring oil to the market for several years - will have an immediate impact on world prices.

They also note that this study was rejected by an academic journal because, "your main result (the present impact of an anticipated future supply change) is already known to economists."

In other words - Everyone already knows that drilling now will lower gas prices today. (Except this guy).