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The Things We Know That Just Ain't So (Forbes)

Taiichi Ohno, the great Japanese innovator, once pointed out that while fools
are wrong 70 percent of the time, and normal people wrong half the time, even
the wise are wrong 30 percent of the time. It is therefore useful from time to
time to review that things that we know—for sure—that just ain’t so. 1.
More drilling will lower gas prices Republicans know that removing
restrictions on drilling for oil and accelerating the Keystone pipeline will
ease pressure on oil prices. The reality is that oil production in the US over
recent years is up and consumption is down. The price of oil is established
internationally, and the contribution of the US economy over recent years has
been to lower oil prices which are established internationally. Moreover given
the lag time between drilling and production, even a massive expansion of
drilling in the US would take many years for production to start, and even
then would have insignificant effects on the global oil price. 2. The US
economy is in a recovery Democrats know that an economic recovery is under way
and we are slowly getting back to ...

Forbes