Originally Posted by FloggingSully  "It doesnt take a rocket scientist to know that we need to drill in ANWR and offshore."
-Do the math TW, we can get (at most) 1 million gallons/day from ANWR, the US uses 20 million per day, if the US makes up half the demand for oil worldwide then worldwide demand would be 40 million barrels/day (40 is a conservative estimate, someone quoted 80-something in another thread). So drilling in ANWR could increase world supply by at most 2.5%, since oil is has inelastic demand the price decrease from a 2.5% increase in supply would be less than 2.5%. 2.5% of 4 dollars/gallon is 10 cents, in other words, drilling in ANWR would result in a less (probably much less) than 10 cent decrease in the price of gas. |
First of all, I didnt limit that to JUST AWNR. I included ALL offshore areas as well.
Second of all, I'd take a 10% cut in energy costs ANYDAY! And if you think it doesnt make any difference, then lets just ADD 10% and see how you like that!
The point about ANWR especially is the reasons for NOT drilling there are just incredibly narrow-minded borderering on fallacious. The area impacted is about the size of an average metropolitan airport while AWNR itself is roughly the size of Delaware. That area itself is promoted as a pristine forrested paradise when infact it is barren tundra with nothing growing higher than your kneecap. Frankly I cant think of a BETTER place to plant a drilling platform!