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

To: Sam who wrote (76002)	7/21/2008 10:45:14 PM
From: slacker711	Respond to of 541966

Let me propose a rule of thumb based on the EIA analyses — ANWR will cut future gasoline prices about 1%. You can pick your own gasoline price in 2030 and do the math. Hypothetically, lets say those numbers are true. I wonder though, if ANWR was pumping out 775,000 barrels a day today how much would the $100 billion dollar reduction in the trade deficit impact the value of the dollar? That would be a 15% reduction in our trade deficit (there would be a smaller drop in the federal deficit as well). JMO, but a stronger dollar alone would give us more than a 1% drop in oil prices. Slacker