Congress Plans to Block ANWR Forever
A few weeks ago, Sarah Palin, Governor of Alaska issued a statement after members of Congress introduced a bill to permanently prohibit drilling in the Arctic National Wildlife Refuge.
Governor Palin writes she is “dismayed that legislation has again been introduced in Congress to prohibit forever oil and gas development in the most promising unexplored petroleum province in North America – the coastal plain of ANWR, in Alaska”…
…”Americans know that gasoline and other refined crude oil products will keep fueling our transportation system for the foreseeable future. Further, the soaring prices of food, pharmaceuticals, chemicals and other products illustrate the importance of petroleum to the health and well-being of America.”
She made the following points, among others…
* Oil from ANWR represents a huge, secure domestic supply that could help satisfy U.S. demand for more than 25 years.
* ANWR sits within a 20 million acre refuge (the size of South Carolina) but thanks to advanced technology like directional drilling, the aggregated drilling footprint would be less than 2,000 acres (about one-quarter the size of Dulles Airport). This is like laying a two-by-three-foot welcome mat on a basketball court.
* Incremental ANWR production would help reduce energy price volatility. Previous price disruptions demonstrate how even relatively low levels of oil production influence world prices.
* Federal revenues from ANWR – cash bids, leases, and oil taxes – would help reduce the multi-trillion dollar national debt, and we’d circulate U.S. petrodollars in our own country instead of continuing to send hundreds of billions of our dollars overseas, creating jobs and stronger economies in other countries.
What do you think:
- Is this political payback time?
- Is banning (forever) drilling in ANWR smart for the country or economy?
- How does banning drilling in ANWR help America?