AR-News: Is drilling ANWR worth it?

[Priscilla Feral]

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Is drilling ANWR worth it? 
  REPORT: Alaska refuge's oil would have little impact on imports, price.

By H. JOSEF HEBERT, The Associated Press

Published: March 20, 2004

WASHINGTON -- Opening an Alaska wildlife
refuge to oil development would only slightly reduce America's
dependence on imports and would lower oil prices by less
than 50 cents a barrel, according to an Energy Department
analysis released this week.

The report by the Energy Information Administration said
that if Congress gave the go-ahead to pump oil from Alaska's
Arctic National Wildlife Refuge, the crude could begin flowing
by 2013 and reach a peak of 876,000 barrels a day by 2025.

But even at peak production, the EIA analysis said, the United
States would still have to import two-thirds of its oil,
as opposed to an expected 70 percent if the refuge's oil
remains off the market.

You can read the full story online at:

http://www.adn.com/alaska/story/4870187p-4805736c.html

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