View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bearcatbob who wrote (71700)	6/11/2008 8:14:01 PM
From: Sea Otter	Read Replies (2) of 542149

If we had ANWR, nothing fundamental would change. Simple math. - ANWR has a mean estimate ~7B barrels of oil. - The US consumes ~25M barrels of oil a day. - Thus, ANWR represents 280 days of US oil use. So we could suck ANWR dry and it would buy us less than a year of US consumption. But it's much worse than that. Oil is a fungible resource - it is sold on the world market. All that ANWR oil will get sold to Asia as well as to Virginia. (For instance, right now most of Alaskan oil actually is exported to Japan). World consumption is now around 85M barrels day. So doing the math, ANWR would be sucked dry in about 3 months at that rate. I don't oppose ANWR. They can pincushion the place for what I care. But some hold it up as some kind of panacea to solve our energy problems, which simply isn't the case. Those who cry "there would be no energy crisis if only we drilled in ANWR" haven't looked at the basic facts. The oil firms themselves don't even make that claim. en.wikipedia.org

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next