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Technology Stocks : How high will Microsoft fly?
MSFT 483.65-0.8%Dec 31 3:59 PM EST
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To: Dave who wrote (62660)11/6/2001 1:57:26 PM
From: Bill Fischofer  Read Replies (1) of 74651
 
OT: Six-month supply

This particular myth is one of the more insidious examples of lying by telling half-truths. The energy reserves that ANWR is estimated to hold would be sufficient to meet the entire oil consumption needs of the U.S. for six months. In reality that supply would be drawn over a likely 20-year production period. As investors we all understand that pricing is at the margin. That's why ANWR matters.

To use the same anti-ANWR logic, Saudi Arabia only contains less than a "five year supply" of oil for the world. Clearly hardly worth the effort.
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