I haven't posted anything on this site in ages. (Obviously on a previous account that I can't remember the password for) but this petition is so ridiculous that I felt the need to reply. Oh and please don't disregard my post because of my post count.
Drilling in ANWR will NOT stop US dependence on foreign oil for several reasons.
There are roughly 10.4billion barrels of recoverable oil in ANWR (estimated), which is ROUGHLY THE AMOUNT OF OIL THE US CONSUMES IN A YEAR!!!. Also, you must take into consideration the fact that the drilling will peak at 875 00 barrels/day in the year 2025, by which the US is projected to use 35million barrels of oil a day, as compared to the 20million we use now.
"The U.S. Energy Information Administration, an independent statistical
agency within the Department of Energy, concluded that new oil from
ANWR would lower the world price of oil by no more than $1.44 per barrel—and possibly have as little effect as 41 cents per barrel"
41 cents a barrel... What is a barrel of oil going for right now? 137dollars? And you are pushing to drill for a decrease of less than a dollar...
And don't even talk to me about the oil shale deposits of the mid west such as the Bakken Oil Shale.
All attempts at extracting this oil, which is deposited in shale 9000feet underneath the ground have failed to be economically viable on a large scale. Also, the Bakken Oil Shale deposits, which are supposedly "HUGE" amount to 4.3billion barrels of oil, or, more simply put, 1months supply at the current global demand rate.
Sources:
http://www.usnews.com/articles/news...ic-drilling-wouldnt-cool-high-oil-prices.html
http://www.lifeaftertheoilcrash.net/
http://www.msnbc.msn.com/id/4542853/
Drilling in ANWR will NOT stop US dependence on foreign oil for several reasons.
There are roughly 10.4billion barrels of recoverable oil in ANWR (estimated), which is ROUGHLY THE AMOUNT OF OIL THE US CONSUMES IN A YEAR!!!. Also, you must take into consideration the fact that the drilling will peak at 875 00 barrels/day in the year 2025, by which the US is projected to use 35million barrels of oil a day, as compared to the 20million we use now.
"The U.S. Energy Information Administration, an independent statistical
agency within the Department of Energy, concluded that new oil from
ANWR would lower the world price of oil by no more than $1.44 per barrel—and possibly have as little effect as 41 cents per barrel"
41 cents a barrel... What is a barrel of oil going for right now? 137dollars? And you are pushing to drill for a decrease of less than a dollar...
And don't even talk to me about the oil shale deposits of the mid west such as the Bakken Oil Shale.
All attempts at extracting this oil, which is deposited in shale 9000feet underneath the ground have failed to be economically viable on a large scale. Also, the Bakken Oil Shale deposits, which are supposedly "HUGE" amount to 4.3billion barrels of oil, or, more simply put, 1months supply at the current global demand rate.
Sources:
http://www.usnews.com/articles/news...ic-drilling-wouldnt-cool-high-oil-prices.html
http://www.lifeaftertheoilcrash.net/
http://www.msnbc.msn.com/id/4542853/