Quote:
Originally Posted by timj219
I believe w's energy department has stated ANWR oil will not lower the cost of gas and will have no serious impact on oil supplies. This is about profits - not helping US consumers.
Even if every drop of US oil is pumped it will be a drop in the bucket.
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ANWR in itself might not, but as I said before, this will spur development of the pt Thompson field that is more or less not operating right now. This is because of a few things. One up until 10 years ago there wasnt the capacity in the existing pipe and prices were to low to justify the infastrucure expenses. So basically what you allow is the need to only build one set of pipes with some additional capacity to account for ANWR. Right now, if they said open ANWR today, working full speed ahead, ANWR would be pumping oil in less than 4 years. Point Thompson could be in less than 3. If they said start work tomorrow on the gasline, it might be 10 years. But the amount of gas up there is massive and will probably drive that cost down. Plus the gas is actually known reserve. Because much of it has been reinjected back into the ground due to not having the gasline. 35trillion cubic feet of natural gas.