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Should We CUT Domestic Oil Production?

Please read this first:
 
 
Since the new running argument from the Democratic Congress (specifically Senator Schumer and Speaker Pelosi) is that drilling in Anwar would reduce the cost of filling up one's gas tank by only "one penny per gallon", then lets examine this point philosophically (not that I'm a professional philosopher, but hey -- I did sleep at a Holiday Inn Express last night).  Lets assume that these two leading Democrats didn't pull the 1-red cent estimate out of either thin air or worse, from where the sun doesn't shine on either of them.  It's been estimated that drilling in Anwar could eventually lead to anywhere from 800,000 to 1,000,000 barrels of oil a day coming online.  Now, if the argument is that 800,000 to 1,000,000 barrels of oil per day would only decrease the price of oil by 1 cent per gallon, then wouldn't it stand to reason that if we cut domestic oil production by 800,000 to 1,000,000 barrels of oil per day that the cost to consumers would only go up 1 cent, or at most a few cents, per gallon?  So, basically we could cut domestic oil production by about 10,000,000 barrels per day at the cost of only around an extra dime per gallon?  
   It makes perfect sense to me and a it would be winning argument for the Democratic Party (and unfortunately John McCain as well) this year.  In fact, I propose that they use it as a rallying cry for the entire party and eventually the nation.  "My fellow greedy, polluting Americans.  For the price of an extra dime per gallon, we could reduce domestic oil production by 10,000,000 barrels per day and in the process help to keep our air, forests, oceans, mountains, and frozen tundra in northern Alaska pristine and free from pollution and really stick it to Big Oil and Big Speculators." 
Tags: Energy  
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