Why do people think that drilling for oil offshore will actually reduce the price of gasoline?!?! The fact is that oil is NOT a renewable resource - the oil on the planet is running out. Drilling for it in more places will not stop it from running out. We have to eventually stop using oil - so instead of trying to dig up all the last drops of oil, how about we move forward and start using other forms of fuel - like solar, hydro, wind, etc. All of which are renewable and therefore CANNOT run out.
I don't think that could be more clear. There is only so much oil and it's being depleted - the price of oil isn't going to go down, we just have to start using other fuels. The end.