[trumandogz]

Yes, I understand the concept of a fungible commodity. However, my point is that even at full antrticipated E&P ANWR would not have significant impact on the price of oil. At most it would reduce the cost per barrel by 3-5% thus instead of paying $98.00 we would be paying $93.00.

In the end ANWR would have little impact at the pump.

Most importantly, if ANWR did go online the OPEC "Hawks" would cut production thereby maintaining the current price.

Drilling ANWR is a great idea but it is not the answer to cheap oil.

[thackney]

if ANWR did go online the OPEC "Hawks" would cut production thereby maintaining the current price

Even if they managed to keep together with a cut, it would mean less dollars to them and more American jobs. Still reason enough to produce it.