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  #1  
Old 05-08-2006, 08:09 PM
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..make it happn' capn'
 
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Read an interesting fact in Fortune magazine.

Drilling 1.9 million acres of the Alaska reserve would net 1 cent less in gasoline costs at the pump by year 2025.

Guess it really isn't worth it after all. Thanks Russia
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Old 05-08-2006, 08:12 PM
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This is IF they find any oil there!
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Old 05-08-2006, 08:14 PM
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Wait... what?
 
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the cost isn't the point, reducing our dependence on oil from the middle east is. Any less oil we import is a good thing.
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Old 05-08-2006, 08:16 PM
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If it only reduces cost by a penny, can't imagine it does much for reducing dependancy.

Keep in mind I was all for drilling Alaska, till I read that.
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.


Last edited by Wagner; 05-08-2006 at 08:21 PM.
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Old 05-08-2006, 08:20 PM
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Quote:
Originally Posted by WagnerX5
If it only reduces cost by a penny, can't imagine it does much for reducing dependancy.
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Old 05-08-2006, 08:44 PM
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out of that 1,900,000 sq miles, they are only asking to drill in approx 2,000 sq miles. About 1%. Every little bit counts. Whatever they recover is that much less than we have to buy elsewhere.
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Old 05-08-2006, 09:28 PM
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But we like selling oil to you.

Save Alaska, mine the Alberta tarsands!


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Old 05-08-2006, 09:51 PM
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Quote:
Originally Posted by Kaefer
This is IF they find any oil there!
Exactly. And whatever might be found would be more cost effective to sell to Japan.
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Old 05-08-2006, 09:54 PM
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Quote:
Originally Posted by JCL
But we like selling oil to you.

Save Alaska, mine the Alberta tarsands!


(expat Albertan)
Or the underwater oil fields east of Newfoundland...
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Old 05-08-2006, 09:56 PM
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Building more refineries has a bigger impact on the price of gasoline, and drilling for oil will have a bigger impact on the dependency of oil that we have on other nations.
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