[systematic]

Actually we should drill all over the globe until crude runs out - then open ANWR and sell crude for $300/barrel and make back all the money we paid to Arabs (with interest)

How's that for a plan?

[SaxxonWoods]

Actaully, I have been consoling myself with your basic idea lately, ANWR is money in the bank, and it's value increases as it sits there.

I would like to run it through my car before I die, though...

[JasonC]

It is stupid, sorry. Present value. Oil now is worth a lot more than oil later. The price would have to rise 7% per year to break even. No it won't remotely pay the interest. Besides, crude oil is only worth using in the first place because it cheap. You can make oil out of coal synthetically for about $100 a barrel.

[earplug]

Were lucky the oil producing nations accept payment in worthless dollars.
As fast as we print them and borrow, A prudent nation would look for better an better trading partner with a valid check book.