Would oil be over $100/barrel if we had allowed responsible drilling in ANWAR?

Or built a refinery in the last 20 years?





Or built more nuclear power stations?Would oil be over $100/barrel if we had allowed responsible drilling in ANWAR?
Yes. At 10-15 billion barrels, ANWAR represents less than 6 months of world oil supply. That is less than 0.75% of the total oil resource. 6 months will not change the price trend and retrieving that oil will require 20 years. In 20 years, oil reserves will be irrelevant.





Oil is a commodity. The oil producer's profits are based on oil producer's supply and consumer's demand. Like any good marketing strategy, the producer gets the consumer hooked on their product. The addiction results in a willingness to allocate a larger portion of your disposable income on the product. Adoption of large SUVs and long commutes has made the US more dependent on oil (which just happens to be owned by some nasty groups ... Iran, Iraq, Russia, ...). .





The price of oil will continue to climb because world supply cannot support world demand. Peak oil may be here:





http://www.a2dvoices.com/realitycheck/En鈥?/a>





The US government should raise the taxes on gasoline to start influencing the public's behavior. Europe pays nearly $9 a gallon for gas compared to $3 a gallon in the US. The delta is taxes. Ethanol is not the solution because Ethanol raises the price of food. Clean Coal is a great alternative to Middle East oil.





Technologies will ultimately help, but a moral society must learn to waste less if they hope for longevity.Would oil be over $100/barrel if we had allowed responsible drilling in ANWAR?
We should have been drilling in ANWAR decades ago. We can thank the Democrats for blocking it.
Yes
Build more nuclear power stations, drilling in ANWAR just drains our natural reserves. We should use ANWAR when we strategically need it, such as a global war or a crippling embargo. We should not drain our own oil reserves by drilling in Alaska to drop the price of gas a few pennies a gallon for the current global market. There are more than environmental reasons no to drill in ANWAR right now, and national security is a good one. No republican that isn't asscociated with the oil industry should think this to be a good idea. Anwar is better for our military and corps in the future, IF they need it, than it is right now to power SUV's. Why on earth should we burn up our own resources first?
Oil wouldn't be $100 a barrel if we weren't the biggest debtor nation on the planet with a failing currency.
any drilling in ANWAR would take much longer to come on-line than this.





A good part of the reason for the rise in oil prices has been the fall of the US dollar, not the rise in the real price of the oil.
Ah, you still don't get it. Oil hovered at $50 a barrel for a long time when the price of gas in American rose $1.00 in 2004. The rise in gas had nothing to do with drilling, it had more to do with the friendship between the white house and oilmen. Back then the reason they gave for each increase was the summer holidays driving, the hurricanes, a pipeline needed to be upgraded, to discourage driving (gas conservation) and other nonsense. (How soon ye forget! - but I don't)





It's only in the past year or so it rushed to $100. The American oil companies MADE the cost of a barrel of gas rise, it was not the other way around.
Build %26amp; Drill Brother. I think we're saving our oil for something. Haven't figured that out yet.
Yes. It's $100 a barrel so Exxon-Mobil, Bush, Cheney %26amp; Condi can rape the American people out of their hard-earned money. Unlike the traditional laws of supply and demand, the oil market is being manipulated. And anyone who doesn't think so believes in the Tooth Fairy.
Or, if Shell was allowed to extract the oil shale fields from the corners of Wyoming, Utah and here in Northwest Colorado but, that has been banned by the federal government.





Shell says it is still working on the technology and when perfected and allowed to do so could produce over 1 trillion barrels of oil at a cost of no greater that $30 a barrel.
Probably not.
As far as ANWAR, the answer is yes. Drilling in ANWAR would in the long run be more costly than what it would save.


Building more refineries would help a little. Why haven't the oil companies proposed one? They need to invest in refineries rather than hoarding their obsene profits.


Nuclear power plants wouldn't effect the cost of oil, too much. It could cut down on the use of coal. We still don't know the cost of safely disposing or storing nuclear waste, so that still probably wouldn't save a whole lot of money.
ANWAR is not the holy grail of oil.





It would not solve all the problems we currently have.





America (i.e., our so-called leaders in Washington) ignored the energy crisis in 1973, 1979 and every other time.





We should have made a MAJOR push into alternative energy, including but not limited to nuclear.





Petroleum is a FINITE source.


Solar, hydro, geothermal and wind are not.





The signs were there three decades ago...but our government was too blind to read.





A final note: we Americans also failed to promote energy conservation - from the way buildings were designed, the vehicles we drove and the lack of mass transit.





Again, ANWAR is NOT the end-all answer.





Changing our 'crude-addiction' IS the answer.
No would be the correct answer but the oil producing nations will still find a way to keep it high, if we use less they will produce less.
Probably yes.


The reason oil is so expensive is that so many US middle class jobs that have been and are being offshored to places like India and China that there economies are now booming and competing for oil and driving the price up.





If you want to blame something, blame offshoring and globalization - you didn't mention those.





Refineries have nothing to do with the price of oil out of the ground - refining happens after it has been pumped, shipped and delivered.





Nukes are fine as long as we can store the resulting waste in your town, your state? OK with you?





Wo will drill in ANWAR? The US oil company? No such thing, it will be big oil!





Big oil will take our money in the form of tax subsidies to drill. Then they take the resulting oil and sell it for the going rate on the world market - currently %26gt;$100/barrel - no bargain for you and me!





Now tell us - who gets screwed and who gets wealthier?





BTW - Being on public land that oil belongs to every US citizen - folks like you and me.





Did you notice how Exxon is trying to weasel out of the punitive damages they were charged in the Exxon Valdez fiasco? Do you trust them to clean-up when they eventually spoil ANWAR?
Yes, and nuclear plants are cheaper than Arab oil
BP is drilling in ANWR


Royal Dutch Shell is drilling in ANWR





When the DOE put the leases up for bid in Aug 2006 no US Oil company won any. Sorry ANWR is for the foreign market





As for Refineries Check into Marathon or Tosco





I am very sorry that you were mis-under-informed; but propaganda is a pill easily swolled
Absolutely. The supply is not the problem. Demand is. Lot more cars in China and India than in U.S. By the way, only 10% of U.S. oil comes from the middle east. Most comes from U.S., Mexico, Canada and Venezuela.
Yes





Yes





Yes








Big business controls the purse strings. They can and will do what they want, when they want. We have watched politician after politician be bought off over the last 200 years (some of which actually get caught), but the end result is that nothing significant has changed in the last 20.





If big oil wanted to drill in ANWR or build another refinery, they would. The Environmental Impact Reports and other regulations (even in California) are not that difficult to get around when you have a law school size stable of attorneys at your beckon call 24/7/365.





And if they did drill in ANWR and build another refinery (which would result in a glut of gasoline on the market), what would happen to the price of gas and their profit margins?
Yes


Yes


Yes
Yes. The US gov't estimated 4.3 billion to 11.8 billion barrels of oil in ANWAR. That may sound like a lot. However, in the US, we use about 7 billion barrels a year. That means, in ANWAR there is MAYBE 1.5 years worth of oil, likely less. The government report says the mean amount of oil likely recoverable is 7.7 billion barrels. Enough for one year. When you consider that it takes about 3 years to get an oil field up and running, it reaches peak production about 3 years after that, and then closes in another few years as the cost of extraction becomes more than the profit. It seems very short sighted to me to drill at ANWAR when it is about a years worth of oil. I think we'd be much better off looking for alternative energy sources that would truly make us independent from the Middle East and not a stop gap measure that would last about year.





Take out the politics for a minute and truly ask yourself...is one year worth of oil really that much of a difference? Would it really matter? These links are from the feds own reports. I don't know how anyone could come to any other concussion that drilling in ANWAR would not help the price of oil or anything else.
Responsible drilling is an Oxymoron
Drilling in Anwar would have NO AFFECT whatsoever. There is not enough oil there to make a difference.





Oil was $35 a barrel when we invaded Iraq. You do the math.
Or not vote for an oil corp CEO...
Yes to all
maybe in conservative fairy tale land where ANWR oil quality is actually known and confirmed to be light and sweet - as well as the actual amount of oil contained - then i suppose that oil might be closer to $99 dollars/barrel
I think we should build nuclear power plants in your back yard.
ANWAR would not save us. All that oil would have been sold to the Chinese and our oil prices would still rise and we would still be dependent on foriegners. It is cheaper to send oil from ANWAR to China than from ANWAR to Seattle, or the Gulf of Mexico. I do think that building more nuclear power stations would be a great idea. Not only to get us off of oil dependency but also as a clean fuel source.
if we drilled for oil in ANWAR we would eventually have to pull our cars up to gas stations every few blocks to siphon the gas OUT.
Perhaps, but probably not. If we had drilled for oil in ANWAR, OPEC probably would have increased output to make the drilling too expensive. But we are at the mercy of OPEC, as long as Democrats keep ANWAR safe from drilling.
No, but then the liberals would be complaining and saying ';Why did you build this and drill here when you didn't need too?';