This still vastly overestimates the impact of domestic drilling. We have a world oil market. Thus, if prices drop in the US, less overseas oil will come here.

This still vastly overestimates the impact of domestic drilling. We have a world oil market. Thus, if prices drop in the US, less overseas oil will come here. This means that the impact needs to be compared against world oil consumption, which is 4 or 5x as big.