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That estimate is very optimistic. Even if it is true ( which is unlikely ) the oil companies are not going to pump it fast enough to lower the price. It costs 18 a barrel to produce. They need to price to be high to make it cost effective to drill in the first place.

It's dumb economics to pump our oil for $18 a barrel when we can pump theirs for $4. Politicians want to do it because of oil company campaign contributions not because of foreign dependence or economics.

Same reason we pay out 15 billion in farm subsidies. Wealthy farmers that get the most benefit pay 20 million in contributions and get 14 Billion in return directly from the treasury ; thanks to bribery not economics.

That estimate was taking the USA's total daily crude oil consumption in 2001 and the supposed 16 billion barrel of crude in the ANWR deposit and dividing. We obviously can not drill the oil out of there fast enough, nor do we want to. It was just an illustration of the amount of oil in ANWR. About 27 months worth of oil for the USA.

I work for the DOE so I play with these numbers alot.