House approves opening ANWR — again

Alaska Journal of Commerce ^ | Feb 16, 2012 | AJC

[thackney]

Here are more relevant charts. The deliveries are down because the demand is down. The crappy economy has greatly reduced the gasoline we are using.

Also, the imports of refined products have dropped to negative number, ie we are a net exporter now.

Also, your chart is only a subset of the gasoline market. Because of the many different "recipes" now required, less finished gasoline is delivered straight from the refinery. Instead they produce gasoline blending products that a blender puts together in a finished product, including adding ethanol.

Our Total production looks like:

[Kaslin]

Remember how the price of gas went down in 2008 from an average of $4.12 per gallon on 08/12/2008 to $1.61 just a few month later after President Bush lifted the ban on the Outer Continental Shelf exploration on July 14, 2008

[thackney]

Its nice to think that was the sole cause, but there was more than one economy bubble bursting at the time.

If President Bush was serious about that instead of just political posturing, it would have been done in his first part of his time of office, when he could have tried to implement it, instead of just an empty gesture as he was leaving.

It took more than the lifting the presidential ban, it also took congressional action.

[1010RD]

As well as avoiding time consuming and costly, but I repeat myself, environmental hassles and NIMBYs.