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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.11

+0.1%

Dec 24 12:59 PM EST

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To: hmaly who wrote (55075)	9/13/2001 6:52:11 PM
From: Win Smith	Read Replies (3) of 275872

Harry, the US is currently importing about 9 million barrels of oil a day, see eia.doe.gov for example. Estimates of ANWR reserves are on the order of 10 billion barrels, see anwr.org or subscript.bna.com for example. So, it's maybe three years worth of US imports or so. After 10 years or so to bring it into production. ANWR isn't a long term solution, and it's not a short term solution either. It's something, but it's not that much. For what it's worth, I like nuclear myself, it's the cleanest alternative available. But there are no new US reactors even in the planning stage at this point, much less under construction. And I don't think it likely that anybody is going to assume the risk of restarting the US nuclear industry in a deregulated environment.

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