Study: ANWR oil would have little impact

[Subdivisions]

Opening an Alaska wildlife refuge to oil development would only slightly reduce America’s dependence on imports and would lower oil prices by less than 50 cents a barrel, according to an analysis released Tuesday by the Energy Department.

The report, issued by the Energy Information Administration, or EIA, said that if Congress gave the go-ahead to pump oil from Alaska’s Arctic National Wildlife Refuge, the crude could begin flowing by 2013 and reach a peak of 876,000 barrels a day by 2025.

But even at peak production, the EIA analysis said, the United States would still have to import two-thirds of its oil, as opposed to an expected 70 percent if the refuge’s oil remained off the market.

-snip-

http://www.msnbc.msn.com/id/4542853/

Here's more from EIA:
http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/arctic_national_wildlife_refuge/html/analysisdiscussion.html

http://www.eia.doe.gov/oiaf/servicerpt/ogp/methodology.html

Considering the US uses 25 MILLION BARRELS OF OIL PER DAY, this would have little impact on reducing our foriegn oil dependence. He wants to drop protection for ANWR so they can profit from what's there because we have no other liquid oil reserves elsewhere in the US.

'Nuff said on ANWR.

[joeybee12]

1. I agree...case closed n/t

[mike_c]

2. Bush is an utter shill for the petroleum industry and little else....

Well, a war criminal too.

[Jim__]

3. Thank you! Great timing given that junior just declared lack of drilling in ANWR is responsible ...

... for the high oil prices.

[BleedingHeartPatriot]

4. The CNN anchors were actually incredulous that he harped on that as solution

to all economic woes.

How ANWR has stayed unmolested through the Bush presidency is a wonder.

[Junkdrawer]

5. ANWR is more valuable as a wedge issue than as a business proposition.

If Big Oil really wanted ANWR, they'd have had it on a silver platter long ago.

[Submariner]

10. Exactly

The oil barons know it's much easier and cheaper to deep drill the Gulf of Mexico than the frozen North Slope.

[NMDemDist2]

6. we wouldn't use the ANWR oil anyway, our refineries can't handle it

it would have to be sent to Asia to refine, we only can handle light sweet crude, which ANWR is not.

[Ichingcarpenter]

7. ANWR is straw dog that distracts from the elephant in the room

The War and 20 years or more of a piss poor energy plan.
The Raygun regime dismantle Carter's energy plan which would have
set us free from the stranglehold of foreign interests of the middle east.

[Submariner]

8. Leave the Caribou calving habitat alone. There's not much left.

[EmperorHasNoClothes]

9. 876,000 x $120 = $105 million per day

That's a pretty big impact for SOMEONE. Not for us peons, though.

[zbdent]

11. short-term profit ...

nothing else ...