America consumes over 7 billion barrels of oil in one year, so do the math, there is enough oil to cover us for one year. And it will take 10-15 to get, by that time oil and gas will be much more expensive and Americans will probably still use more oil, and it will take more energy to extract the oil. AMerica peaked in 1971 that is why 70% of oil comes from other countries, we need to conserve energy now.
While some folks desperately cling to the belief that oil is a renewable resource, others hold on to the equally delusional idea that tapping the Arctic National Wildlife Reserve will solve, or at least delay, this crisis. While drilling for oil in ANWR will certainly make a lot of money for the companies doing the drilling, it won't do much to help the overall situation for three reasons:
Reason #1. According of the Department of Energy, drilling in ANWR will only lower oil prices by less than fifty cents;
Reason #2. ANWR contains 10 billion barrels of oil - orDo supporters of ANWR drilling realize there is only about 10 billion barrels of oil there?
It appears you forgot to mention that any oil that is extracted from ANWR or offshore drilling will be sold on the open market. It is more than obvious that we cannot drill ourselves out of this problem or off of our addiction to oil.Do supporters of ANWR drilling realize there is only about 10 billion barrels of oil there?
How much is under North Dakota? How much under the Great Lakes (Canada is drilling there now), How much in the Gulf of Mexico? (Where Cuba is)
Is lowering prices better or worse than raising them?
Better than nothing.
Woohoo! That's a whole year's worth!
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