Bluestem Prairie : House Natural Resources Committee Report: The Truth About America's ... - 0 views
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Energy Net on 19 Jun 08One of the standard talking points about high gas prices is the notion that restrictions on exploration and drilling in environmentally sensitive federal lands and offshore areas have tightened supplies of oil at a time of heightened demand. If we can just open those areas and drill more, the logic goes, gas prices would plummet. Never mind that the oil in ANWR wouldn't be available for years. Moreover, as the Campaign for Our Future notes: Drilling for oil in Alaska's Arctic National Wildlife Refuge would, at most, lower the cost of a barrel of crude oil by 50 cents in 2025.