The traders and investors in the oil futures market have done their homework. The ones focused on the short term, they know ANWR won't yield meaningful oil for several years. The ones who are thinking out 10 and 20 years, they could care less about ANWR, they are worried about the Saudi megafields. Compared to which, the biggest Alaska fields aren't much.
Quote:
Originally Posted by snowman
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.
|