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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (103203)	6/18/2008 11:56:25 PM
From: Webster Groves	Read Replies (1) of 206183

<Where would we be today if ANWR was opened 10 years ago?> If you believe this website, ANWR could provide 600 million barrels of oil per year: sibelle.info If you believe this website, Prudhoe Bay already supplies 600 millions barrels per year (less than half its initial production rate of 1977): columbia.edu Currently the US consumes 7500 million barrels of oil per year: eia.doe.gov So at best ANWR, like Prudhoe, could provide 8% of current US consumption but after 10 years of development. However, it is best considered as a replacement for Prudhoe, and not an enhancement. Fortunately the oil was not developed and wasted earlier, and still remains as our last major domestic source of oil, at least until Iraq gets statehood. If peak oil is real, ANWR is our last hope, and only to cover our retreat as a world power. If peak oil is not real, ANWR is not needed. wg

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