Quote:
Originally Posted by DaddyTorgo
I will also admit that I am not up to speed on exactly how much oil is up there and what type of effect it would have on gas prices in the short/intermediate term, but my impression has been that it's not massively significant (although let me state again, i don't know, so feel free to post objective scientific research proving me wrong). I believe i've heard scientists say it would be a drop-in-the-bucket compared to what we currently use, and certainly not a long-term answer.
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If you could wave a magic wand and put an active platform over every spot where we believe there to be oil AND oil was actually in that spot, we would improve domestic supply from approximately 33% of our consumption to, optimistically, 36%.
If you wave your magic wand and put up working platforms on the spots where we believe to oil exists and oil companies already hold leases but haven't troubled themselves to start working on, you might reach 45%. Meaning that they have a lot more oil in hand already than they would get by digging up ANWR.