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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (71798)	6/17/2008 3:54:57 PM
From: TimF	Respond to of 542154

Far too little and far too late to justify destroying pristine environment. The environment wouldn't be destroyed. Also I would hardly consider 10 years from now too late, we may need the oil even more then. As for "too little" thats a very complex issue. The amount of oil from ANWR, the relative balance of the market when the oil comes online, and the elasticity of demand at that time are not things that are really known now, they can only be guessed at. The benefit could be far more than $2/barrel even just from ANWR, and really the issue isn't ANWR, but generally opening up new areas for drilling which is a much bigger thing than just ANWR.