Allan – ANWR would reduce crude oil by 75 cents, in 2025…
That is 1/2 of 1% of the price of a barrel oil. Assuming that roughly the same percentage reduction would apply to gasoline, you are looking at saving 2 cents per gallon if ANWR is drilled (you will, of course, have to wait 10-15 years for this price “relief”). See below for details and src.
jficquette – You’ve provided some links to what appears to be oil industry sponsored propoganda (anwr.org), as well as a conspiracy theory of big oil lying about reserves to boost profits (which ironically contradicts your original premise of environmentalists conspiring to raise gas prices). In the future, when making a specious argument, cross reference your “talking points” a little better.
I will counter this with the official Energy Information Administration data (the EIA is part of the DOE, and provides the official energy statistics).
Estimates of oil reserves
In May 2008 the Energy Information Administration released the following report:
“The opening of the ANWR 1002 Area to oil and natural gas development is projected to increase domestic crude oil production starting in 2018. In the mean ANWR oil resource case, additional oil production resulting from the opening of ANWR reaches 780,000 barrels per day in 2027 and then declines to 710,000 barrels per day in 2030. In the low and high ANWR oil resource cases, additional oil production resulting from the opening of ANWR peaks in 2028 at 510,000 and 1.45 million barrels per day, respectively. Between 2018 and 2030, cumulative additional oil production is 2.6 billion barrels for the mean oil resource case, while the low and high resource cases project a cumulative additional oil production of 1.9 and 4.3 billion barrels, respectively.” [29]),
The report also states:
“Additional oil production resulting from the opening of ANWR would be only a small portion of total world oil production, and would likely be offset in part by somewhat lower production outside the United States. The opening of ANWR is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light crude oil prices of $0.41 per barrel (2006 dollars) in 2026 for the low oil resource case, $0.75 per barrel in 2025 for the mean oil resource case, and $1.44 per barrel in 2027 for the high oil resource case, relative to the reference case.” [30])
For the average case, drilling in ANWR would reduce crude oil by 75 cents, in 2025. The total production from ANWR would be between 0.4 and 1.2 percent of total world oil consumption in 2030.[31]
