Alaska's oil- I received an email today that said ,'; there's enough oil in Alaska to last the American people

Does anybody know what's going on? Using this could drop oil prices to $1.50 per gal.Alaska's oil- I received an email today that said ,'; there's enough oil in Alaska to last the American people
The total amount of oil in ANWR has been vastly overstated for years. Suppose the highest estimates of recoverable oil (16 billion barrels) is correct. The U.S. consumes more than 20 million barrels of oil each day, or 7 billion, 300 million barrels a year. Do the math...that's a couple years given predicted increases in oil consumption.





Even if production started tomorrow (and it would take a couple years to drill and move the oil to the Trans Alaska Pipeline to get it to refineries) it wouldn't make much of a dent in our dependence on foreign oil. Take a look at the estimated oil reserves per country and you'll see we're not an oil rich nation by any standards.


http://en.wikipedia.org/wiki/Oil_reserve鈥?/a>





All that being the case, there is no legitimate reason NOT to drill ANWR. The tiny area of the reserve they want to drill is uninhabited and pretty much devoid of anything that could be hurt by the drilling...which is far safer and less destructive than past practices. Have a look at the area at their website, and you'll see there would be no ';drastic environmental impact.';





http://www.anwr.org/





Is it worth drilling? Sure...but it's not going to solve all our problems at the pump either.





North Dakota, by comparison, may have as much as 200-300 billion barrels under it's surface...there's your next oil boom!





http://www.grandforksherald.com/articles鈥?/a>Alaska's oil- I received an email today that said ,'; there's enough oil in Alaska to last the American people
As T S and others here have stated, there are all sorts of reserves of hydrocarbons that could concieveably be used as fuel, but for various reasons are not.





Yes, President FORD (who, according to everyone here apparently was a liberal democrat!) in his last days in office by Executive Order placed huge swaths of the Alaskan wilderness under federal protection. And yes, there are a lot of people who would like to see that continue.





However, one of the real reasons why a lot of this potential energy has not been tapped is because it is too expensive to extract, or the individual reserves are not large enough to warrant the start-up investment (in a perfect world the oil well would fall apart from age immediately after the last drop of oil is pumped out, but any life the equipment has left in it when it is abandoned over a dry well is considered a loss). Extracting oil from the tar sands is extremely expensive and takes vast amounts of energy, almost as much as the energy that is derived. Gassification of Coal is also extremely expensive and extremely dirty. Our friends also left off that there is still huge amounts of oil in 'dry' wells because we simply do not have the proper methods of accessing the residue oil yet. As the cost of oil skyrockets, much more oil that was economically inaccessible suddenly becomes viable so we are all doing our part by paying $4 a gallon!





While I don't agree with the statements that Global Warming is a lie, I do believe this is a case where ';the cure is worse than the disease.'; Specifically, we are seeing very traumatic things going on all around us (food shortages because of ethanol, drastic increases in fuel prices with all the problems that will cause, etc) in large part because there is a huge emphasis to get the world to abandon the petroleum economy before any realistic replacement has been created. It will be bad if all the polar bears starve, but it will be even worse if all the people are reduced to choking each other over the last crust of bread because there is no diesel for the tractor to harvest the wheat and no electricity for the oven to bake the bread.





Regardless, no matter what, gasolene MIGHT get back to $3 a gallon, in my wildest fantasies to $2, but NEVER to $1.50. Sorry.
ANWAR covers an area of 19 million acres, but current policy forbids drilling for oil there. Experts have concluded that there are 26 fields that could produce a minimum of 500 million barrels each in the area. All of these fields combined only account for 8% of the area of ANWAR. I say let's poke that place full of holes and start pumping.
There is 800 billion to 2 trillion barrels in the Oil shales in Colorado and surrounding areas. The Democrats have blocked the exploration of it.


Canada has oil sands with a 1200 year supply of oil.


Then there is coal liquification. We have a huge supply of coal.





The Democrats are trying to get us off gas because they think it causes Global warming. By the time they figure out it was a scam, we will be broke.
Investors are playing the put options game also Bush blocks Chavez from giving us oil at $ 25 a barrel and we have a weak dollar plus we only have 4 refineries in the US !
It's there. Blame the environmentalists and the Democrats who won't approve drilling for it.
Shhhh. The environmentalists and Dems don't want that little bit of info to get out!
Im sure there is... blame all the enviromentalists that have put a stop to any of the drilling..........