Why drilling ANWR will not lower gas prices.

Next time someone wants to drill to lower gas prices think about what happened in the North Shore fields. We have invested in crude we can't use and need to look for alternatives.

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[go4awalk]

"source: US Energy Information Authority, September, 2007

48.2 million barrels a day production."

Could you send me that link?

The only estimates that match those numbers are either reserves (total not per day production)or per day consumption of oil dependent developed countries.

Thanks

[zack9912000]

Unfortunately, while this may accurately describe the incomparable beauty of Yosemite National Park, it has NO relation to the site for proposed drilling site in ANWR. ust a tiny fraction, 1.5 million of the 19.5 million acres are to be used at all, and only 2,000 acres are to be used for the permanent infrastructure... the pipelines, oil wells, etc. There is virtually no chance that the environment will be harmed. IS a bare landscape with nothing to see for miles.

[go4awalk]

Actually that is stock footage never stated it was Anwr.

Just because a plot of land looks like it is durable isn't proof enough that the LAX size foot print would not have an impact.

[zack9912000]

Who develop alternative forms of energy, etc? Not to mention the oil shale reserves in Utah, Colorado and Wyoming. Utah congressman, Chris Cannon, said that the estimate is that we have 4 TRILLION barrels of oil available there...more than in the entire Middle East. So much for not having an impact on our foreign dependence. ANWR alone, is expected to yield 876,000 barrels of oil, per day.

If you knew anything about Supply and Demand then you would see how flawed your ideas are.

[go4awalk]

"So much for not having an impact on our foreign dependence. ANWR alone, is expected to yield 876,000 barrels of oil, per day.

If you knew anything about Supply and Demand then you would see how flawed your ideas are."

Yes lets talk about supply and demand for a moment. Oil is traded on a global market that moves 86 million barrels per day. ANWR would only contribute 1% to that market not affecting the market price at all. Besides ANWR crude is too sour for motor fuel anyway.

[Temptuous2112]

source: US Energy Information Authority, September, 2007

48.2 million barrels a day production.

Canada(179 Bil)has almost as much oil reserve as Saudi Arabia 260 bil, Russia with 60 bil in reserves produces 9.5 Mil a day. Canada 2.7 mil a day, U.S. 4.9 bil.

I agree alternative resources are key the oil reserves are finite. IMO we have 25 years in reserve, optimistic estimates point to 40 years IMO this underestimates growth of third world markets.

[zack9912000]

more than in the entire Middle East. So much for not having an impact on our foreign dependence

[zack9912000]

And dare we even consider a day when we have an actual energy policy that includes domestic drilling in ANWR, or the newly discovered Bakken reserve in Montana, and South Dakota, building nuclear power, give tax breaks to companies who develop alternative forms of energy, etc? Not to mention the oil shale reserves in Utah, Colorado and Wyoming. Utah congressman, Chris Cannon, said that the estimate is that we have 4 TRILLION barrels of oil available there...

[go4awalk]

Ok sorry it took me so long to get back to you on this one.

Rand put out a report on the oil shale prospects. To sum it up it is too little too late. the production volumes are rather distant and anemic. They estimate a 1 million barrel/day level to be at least 20 years away and 3million B/D to be 30 years away. considering the growth of oil demand over the same period the supply impact is still in the 1% range.

BTW oil can't be pumped out of shale it needs to be heated which costs big, $97bbl.

[zack9912000]

But do you honestly think if they are cleared by congress that they will only drill there?? Did you forget when i told you that Utah, Colorado and Wyoming. That a Utah congressman, Chris Cannon, said that the estimate is that we have 4 TRILLION barrels of oil available there that we would be allow to finally start pumping. THAT WILL BRING THE PRICE Down.

[zack9912000]

Environmental restrictions and pressure to prevent construction of new refineries may have also contributed to rising fuel prices in the United State, this boils down to all these animal and environmental groups who complain their not doing anything but yet forget to tell the public they are blocking them from doing anything.

[zack9912000]

Do you even have a clue what is actually changed on these refineries? I have family members who have been doing this for a very long time. Not only are the retool is for them to update equipment and maintenance on these rigs, it is all so that the rigs comply with the new environmental standards. I know a lot more then you may think, I am not a uninformed conservative.

[zack9912000]

So why mislead, show the real photos of ANWR.

Oil and gas development and wildlife are successfully coexisting in Alaska s arctic. For example, the Central Arctic Caribou Herd (CACH) which migrates through Prudhoe Bay has grown from 3000 animals to its current level of 32,000 animals. The arctic oil fields have very healthy brown bear, fox and bird populations equal to their surrounding areas. Advanced technology has greatly reduced the footprint of arctic oil development.