Carney said:
“Wrong. ANWR (learn to spell it before pretending to be an expert on it) has only 16 billion barrels in it. We import 5 billion a year, so it would replace foreign oil for a very limited period. And once we burn off ANWR, then what? It’s like eating your basement emergency rations just to keep the status quo going a little longer rather than changing the situation (like getting a job or switching fuels).”
I don’t know where you got your information, but for the most part, it has been reported that ANWR & North Slope of Alaska’s Prudhoe Bay have more crude and nat. gas than all the rest of the world’s known reserves combined. Also, checking the U.S.G.S. reports, it has been reported that other formations, e.g. Bakken and the Rockie Mts. have more than 8 times the crude and nat. gas than Saudi Arabia.
Even if ANWR has limited supplies, it would be foolish to ignore the value of utilizing this resource now, especially when our economy is in the toilet.
WASHINGTON, December 8, 2008 – The development of America’s vast domestic oil and natural gas resources that had been kept off-limits by Congress for decades could generate more than $1.7 trillion in government revenue, create thousands of new jobs and enhance the nation’s energy security by significantly boosting domestic production, a study released Monday shows.
The ICF International study, commissioned by the American Petroleum Institute (API), shows that developing the offshore areas that had been subject to Congressional moratoria until recently, as well as the resources in Alaska’s Arctic National Wildlife Refuge and a small portion of currently unavailable federal lands in the Rockies, would lift U.S. crude oil production by as much as 2 million barrels per day in 2030, offsetting nearly a fifth of the nation’s imports. Natural gas production could increase by 5.34 billion cubic feet per day, or the equivalent of 61 percent of the expected natural gas imports in 2030.
The study also estimates that the development of all U.S. oil and natural gas resources on federal lands could exceed $4 trillion over the life of the resources.
Albert Einstein said, the definition of insanity…“doing the same thing over and over again and expecting different results.”
I hope someone begins to listen to wisdom soon as we have very little time to figure out how to live without food and electricity. If we shut down our power sources by taxing them into oblivion, further breaking the back of what industry we have left, and by using up our food supply for producing alcohol fuels for power and transportation, we won’t be able to survive much longer as a nation.
There comes a time when ideology and extremism becomes impractical and counterproductive. This is one of those times.
