AP Analysis: "Drill, baby, drill" won't drop oil prices

An Associated Press statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production contradicts the GOP attack claims that President Obama is responsible for the rise in gas prices.

AP's analysis showed no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.

Political rhetoric about the blame over gas prices and the power to change them - whether Republican claims now or Democrats' charges four years ago - is not supported by cold, hard figures. And that's especially true about oil drilling in the U.S. More oil production in the United States does not mean consistently lower prices at the pump.

Sometimes prices increase as American drilling ramps up. That's what has happened in the past three years. Since February 2009, U.S. oil production has increased 15 percent when seasonally adjusted. Prices in those three years went from $2.07 per gallon to $3.58. It was a case of drilling more and paying much more.

U.S. oil production is back to the same level it was in March 2003, when gas cost $2.10 per gallon when adjusted for inflation. But that's not what prices are now.

That's because oil is a global commodity and U.S. production has only a tiny influence on supply. Factors far beyond the control of a nation or a president dictate the price of gasoline.

Much has been made about President Obama and blaming him for higher gas prices. But, as practically every economist has already said, Presidents have little control over gas/oil prices.

When President Bush and running mate Dick Cheney campaigned in 2000, they argued that as oil executives they could get oil prices down, with Bush saying, "I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply."

Yet it was during the last few months of Bush's term in 2008 that gas prices hit their highest: $4.27 when adjusted for inflation.

AND even if we did drill more here in the US, that doesn't mean the oil would STAY in the US.

I think there's a supposition that if we drill oil here, it will stay here. Oil companies, however, are happy to sell to the highest bidder - even if that's China or India and NOT the United States. There's no law saying "native oil" stays in the US.

Oil companies drill for oil and sell it to the highest bidder on the world market. Period.  There's no national loyalty based on where oil comes from.

Read the whole article. 

New York Jets pick up Tim Tebow in trade

Tim Tebow

The Denver Broncos have traded quarterback Tim Tebow to the New York Jets in exchange for a fourth-round draft pick, Newsday is reporting.

Tebow became redundant in Denver after the team signed Peyton Manning to a five-year, $96 million contract. Newsday adds:

"Earlier this offseason, the Jets signed starting quarterback Mark Sanchez to a three-year extension that runs through 2016 and includes $20 million in guaranteed money for 2012-13. Jets owner Woody Johnson said last week the Jets 'passed on' Manning."

The New York Jets will reportedly leave Mark Sanchez as their starting quarterback.

Mark Sanchez

Tim Tebow on getting what you pray for...

"Uh, God?  Just so we are clear: When I prayed for us to be a better team, Peyton Manning isn't what I had in mind."

Real Housewives of Beverly Hills to cool off with Blizz Frozen Yogurt in Vegas

Stars from Bravo’s “The Real Housewives of Beverly Hills” reality series - Adrienne Maloof, Kyle Richards, and Camille Grammer – will walk the red carpet in celebration of the grand opening of the newest Blizz Frozen Yogurt in Las Vegas at the MGM Grand Hotel and Casino this Saturday, March 24 at 4pm.

Blizz offers the highest quality frozen yogurt with distinctive flavors that are naturally high in probiotic content and a selection ranging from 100% natural, non-fat, low-fat, gluten-free and kosher. In addition to frozen yogurt, Blizz offers a wide assortment of healthy frozen yogurt creations: crepes, waffles, smoothies, shakes, frappes, pastries and other treats.

Blizz is also proud to present the newest addition to its brand, The Bar @ Blizz, which will offer a unique line of frozen yogurt daiquiris, margaritas, mojitos and more. Whoo-hoo! Now that's the Vegas way to do frozen yogurt. And you know, the Real Housewives of Beverly Hills know a refreshing cocktail when they see it.

Camille Grammer and Adrienne Maloof

For more information visit Blizzyogurt.com.

Greenwell Springs Baptist Church removing proof of Rick Santorum speech

Greenwell Springs Baptist Church pastor Dennis Terry says he never told those who disagree with his views that there is only one God and America was founded as a Christian nation that they should "get out!" of the country during an event at his church on Sunday featuring Rick Santorum.

Pastor Terry is saying that his comments were "taken out of context" although lots of people have seen the full length speech through the power of the internet. If you haven't seen it yet, take a peek. It speaks for itself.

Yesterday, Greenwell Springs' Worship Minister Jeremy Dailey posted a message on his Facebook account asking that all church members "remove from Facebook and/or any other public site, any video showing footage from the Sunday Evening service of March 18, 2012":

Now, gee... I wonder why they would do that?

Romney wins Illinios

Madonna: "Girl Gone Wild" music video

Album comes out March 26th.