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Recent Estimates say that there are 10 BILLION BBL's under the permafrost.

The U.S. uses around 19 million bbl's per day...we'd suck that hole dry in 526 days. What next?

we'd suck that hole dry in 526 days

Lets see, 10 Billion bbl of oil at $70 per bbl is more dollars than I can count and thats money that would stay in the USA instead of of funding an Islamic Jihad or a central American revolution. Estimates are that it would provide over 700,000 US jobs. The lease fees alone would generate better than 3 billion dollars before a drop of oil is even pumped.

Let us remind the freepers of some facts first.

1. With a typical pipeline system you will only be able to deliver 500,000bbl per day at best. That would equal 50+ years of service. Yes, it is only 5% of our daily consumption but it is a start.

2. The reason that most of our current Alaska crude is sold overseas is because there is no refining capacity on the west coast. If we don't build more refineries on the Left Coast or Alaska, all the crude in the world won't lower our gas prices at the pump or your heating oil.

3. The reason that LNG is so high is because in 1994 America was sold on how cheap LNG will be in the future. Well of course all the new housing being built (McMansions) for the last 10 years are heated by LNG. Add to that demand the new power plants which came on line during the last 10 years, most are LNG powered because it is "cleaner" than coal. Demand has exceeded the ability to deliver.

4. Hurricane Katrina took most of our Gulf Coast refining capacity offline which compounded our national demand for gasoline but we also refined crude for other countries so to try and fill existing contracts the American consumer gets shorted which helps drive the price up.

5. We have two hotheads who are hyping their ability to hurt America through oil. They are; Iran and Venezuela.

6. Increased demand from China and India, two countries which don't have the same concerns as America does about the environment. The Chinese Government is building a large refining ability which will demand crude oil. China may be a leading seller of refined fuel products in 20 years.

7. Regular maintenance at current refineries requires them to be offline for weeks at a time. Spring is a regular service time as the refinery changes from making heating oil to making gasoline.

8. East Coast refineries are making a change from MTBE (sp?)to ethanol as a clean burning fuel additive. For each gallon of ethanol used is over one gallon of crude we do not have to import.

9. Something no one talks about is how America got repaid for the cost of Gulf War I. No one talks about the fact that we got cheap oil for ten years from Saudi Arabia and Kuwait to repay our war expenses. That ended just as GWB was taking office.

10 SUV's !!! American consumer demand for gasoline shot up because we were getting cheap gas in the 90's and the economy was doing well so people felt they could afford a little more car.

And people wonder why we are paying more for gas at the pump. ANWR is not the cure all but it would help. Also if we don't pump it Canada will. People forget that the oil field under ANWR also stretches into Canada. First come, first served. Grab it now!

No2

Obviously, you believe that should ANWR be drilled, we would stop production of all our other oil fields and stop the importation of all foreign oil...

And focus solely on using ONLY the oil found in ANWR.

Okaaaaaay...

The U.S. uses around 19 million bbl's per day...we'd suck that hole dry in 526 days. What next?

ANWR can't be recovered at 19 million barrels per day. It would add supply to the market, driving down costs over a longer period, not just 526 days.