According to data from the U.S. Department of Energy, gas prices will only be reduced by one penny.
http://www.savearcticrefuge.org/sections/energy.html
2007-08-01 11:23:45 · 7 answers · asked by crackaboy79 2 in Environment ➔ Other - Environment
afratta437: I did read the information you provided (remember, the factoid I provided is based DOE data!). You still haven't shown how that will greatly improve oil prices. BTW, the price of a barrel of oil is different than the price of a gallon of gasoline. Apples and oranges, my friend.
campbelp2002: You REALLY consider 1 cent a significant savings?? Worth the price of damaging 19,000 acres of pristine arctic wilderness?
2007-08-02 02:52:09 · update #1
No, it won't. There is only enough oil there to last us about a year.
If the oil companies would invest the amount of money they would spend to drill in ANWR on alternative fuels we wouldn't have to rely on foreign oil sources.
I also agree with Scorpio. Another contributer once jokingly said it took less time to rebuild Europe after World War 2 than it has to rebuild the refineries. Here in California it has taken over a year to fix damage to a refinery that a racoon did. It must have been some racoon.....Since our oil companies are recording record profits I think they should invest the money in repairing their facilities.
2007-08-01 11:34:44 · answer #1 · answered by Muppet 7 · 0⤊ 2⤋
The truth is on the news every day. Watch the news and you will see that they slow down production at the refineries when the prices start to drop. So if they had every pool of oil already drilled right now and had enough refineries to handle it they would just shut them down. There is no shortage at the minute.
Just greed.. Remember we ran out of oil back in the 1970s too. and here it is 40 years later and we are still running out and prices are high because of not having enough oil. The USA drills wells every day and caps them. Our goal is to use up their oil first then we will still have all of ours.
2007-08-01 11:38:19 · answer #2 · answered by Don K 5 · 0⤊ 1⤋
Gas prices are not high due to a supply problem. We don't have enough refining capacity to process what we do have. Especially since a significant amount of refineries were damaged in hurricane Katrina.
2007-08-01 11:32:20 · answer #3 · answered by scorpio 2 · 1⤊ 0⤋
wow! it's on a website so BELIEVE it!!!!
did you READ the study?
http://www.eia.doe.gov/oiaf/servicerpt/hr/pdf/sroiaf(2005)04.pdf
NO- because if you did, you would know that it say that renewable fuels will drop the price by .01 per gal.
bottom of page vii and top of page viii.
also the report says drilling ANWR will drop our dependence on forgien oil by 4%
middle of page v
the .57 per barrel is all based on a price per barrel between 24.96 and 30.31
page 9.
so which is it, you're a fool? or you're trying to lie to everyone here?
2007-08-01 17:11:58 · answer #4 · answered by afratta437 5 · 0⤊ 1⤋
Then obviously it does lower gas prices doesn't it. Just not by much.
2007-08-01 12:54:01 · answer #5 · answered by Anonymous · 0⤊ 1⤋
You contradicted yourself. If it lowers prices by one cent, then it DOES lower prices. Maybe not as much as you would like, but that IS lower.
2007-08-01 11:51:56 · answer #6 · answered by campbelp2002 7 · 1⤊ 1⤋
but will it make us less dependant on foreign sources of oil..you picked a website that is against drilling..be honest with your information
2007-08-01 11:29:26 · answer #7 · answered by John 6 · 1⤊ 2⤋