Blind Faith in ANWR

Written by: DFA Staff on Apr 29, 2008 9:12 PM EDT

President Bush has been trying to get his oil company buddies into the Arctic National Wildlife Refuge for years and he's still trying.  The trouble is: it ain't gonna solve the production problem and it ain't gonna fix the cost problem.  From Reuters:

The Bush administration says the United States would be less addicted to foreign oil and fuel prices would be lower if Congress had only opened up Alaska's Arctic National Wildlife Refuge to drilling.

But that claim doesn't reflect the long lead time to develop the refuge's huge oil reserves, which would not be available for several more years and initial volumes would still be small if Congress in 2002 had approved the administration's plan to drill in ANWR, energy experts say.

Danny
Communications Director

Tags: