Quote:
Originally Posted by Bunz
President Bush today called for Congress to open ANWR for drilling. This bill was introduced a few weeks ago. Whereas if the worldwide price of fuel tops $125 for 5 days, ANWR would be open to development in the coastal plain area.
Bush tells Congress to open ANWR for oil: Oil | adn.com
This coincides in some very interesting timing. Firstly, it is an election year of epic proportion. Secondly Exxon is in the process of being stripped of its Point Thompson leases which is the yet to be developed field adjacent to ANWR. Meanwhile BP and Conoco Phillips are moving forward in building a natural gasline with a lower 48 link.
Does this have a shot in hell at passing either house? |
I think most issues with even a hint of controversy are going to be tabled until after the general election. Those politicians up for reelection/election are fully occupied with preening their appearances and formulating the lies/deceptions they'll run on.
If ANWR had the potential volume to affect supply/pricing it would be a hot political item. As it is, only oil companies and Alaskans stand to benefit from developing ANWR.
When thinking about what the Saud King said, no more new wells, leave some for our children, and the certainty of peak oil now or in the near future, that's not a bad thought.