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My blog is worth $19,194.36.
How much is your blog worth?
similarly, despoiling this tiny section of ANWR would result in a tiny reduction in the price of a barrel of crude - the current price is $135, and within 20 years the savings on that is likely to be 75 cents. This will drop the price of a gallon of gas, 20 years from now, about 4 cents.
Posted by: Daniel k | June 19, 2008 at 12:49 PM
Piker:
You are just missing one small detail in your argument:
$135 per barrel is the price on the WORLD market.
Just like the OPEC producing Countries don't buy their oil from via world market, they don't pay $135 per barrel.
If we were to drill in ANWR, or off the coastlines, that oil would never get into the world oil market "tank".
Think of it this way-if beef is selling at market in the US for $10 a pound, who does the rancher who slaughters his own cow for dinner pay?
Posted by: Madeline's Dad | June 19, 2008 at 12:56 PM
Wait a minute, why wouldn't oil companies sell ANWR oil to world market? It's their oil, they can sell it to whoever they want. Probably the Chinese, which is a growth market.
Posted by: Daniel k | June 19, 2008 at 03:02 PM
Anwr is only a part of the solution. All the shale coal deposits, gulf oil deposits, and oil deposits should be part of the plan. On top of this we include nuclear plants, natural gas, new processing plants for crude, better electrical producing facilities and the continuation of wind, etc
We need a national economic energy plan like we had in the 60's for going to the moon. If we don't my grandchildren will grow up in a third world country - USA.
Posted by: Robert | June 30, 2008 at 09:01 AM
Well said, Robert.
Until we as a Country rally to save the problem-both short and long term-we're in deep do-do.
The Environmentalists need to relax a bit in the short term, so that we may make some progress with new technologies..
Posted by: Madeline's Dad | June 30, 2008 at 04:57 PM