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Opening ANWR now will result in the immediate drop in oil futures. How much? Probably as much as 50% of the current price! Reason-- no one really knows how much oil there is in ANWR. No environmental impact will result in drilling ANWR or off coast.
Allowing 5 new refinearys to be built in this country, with reasonable environmental impact, would result in an immediate reduction in the price of oil.
The US has almost 500 years of known oil reserves, not counting even more in coal. There is NO alternative energy solution. Even the ones that are theoretically possible would result in energy that cost the equivalent of $1000 per barrel oil. THis would put most of back in the stone age and leave only a few fortunate types that could drive ANY car, let alone a Porsche.
Perfecting nuclear fusion is currently the only theoretical choice that can change things. Nuclear fusion is not currently achievable, yet it is at least possible. NOTHING else is even possible in theory.
Unless a new source of energy is discovered in theory, it is IMPOSSIBLE to develop it. All the past marvelous discovery's cited were all identified as theoretically possible long before they were developed. There has NEVER been a source of energy that was not at least identified in theory long before it became reality.
Its pretty hard to produce a source of energy, where one can simply drill a hole in the ground, and recover a barrel of oil for $2. Thats the true cost of oil at this time. All other energy sources are 100's of times less efficient and simply not available.
THERE IS NO ALTERNATIVE ENERGY SOURACE AT THIS TIME!
All efforts must be directed at using the oil and coal that we have efficiently. All efforts to develop nuclear fusion, the only hope for an alternative, must be enhanced. Of course, if a new source of energy is identified, extremely unlikely, thats where we must go.
Last edited by snowman; 06-18-2008 at 07:06 PM..
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