So much MISinformation about the ANWR drilling on MSM and here too.

[karlrschneider]

Estimates of the reserve are from 8 to 16 BBbls. You have all seen the math, it's anywhere between 6 months and around a year's supply (at current consumption.)

There is no guarantee that any of this oil, if and when actually pumped out of the ground, will be sold or available to the USA. The falling Dollar almost guarantees that it will be sold to the highest bidder (again, if and when it is produced) and that is not likely to be ourselves.

An across-the-board increase of ONE mile per gallon of vehicular consumption would more than compensate for even the most optimistic estimates of viable oil production from ANWR.

Much mention has been made of the fact (or claim) that the actual 'drilling area' is "tiny" within the refuge, but they fail to note or admit the huge imprint that would be applied by access roads (if they can even build them over the thawing permafrost), all the infrastructure that would be required for support and logistics.

[Adenoid_Hynkel]

1. the imprint

saying it's confined to a tiny area is like saying a fishing net is only a few inches across when add up the string widths

[Up2Late]

2. I want to know why they keep pushing for ANWR

When right next Barrow, (and all around it)is the "National Petroleum Reserve In Alaska" which has never been explored?:wtf:

[roguevalley]

11. There is TREMENDOUS graft when these projects are made and

millions to be stolen, given in bribes and outright 'lost'. Also, companies get to bring in people rather than hire up here and all in all, they make a killing. You have no idea.

[Up2Late]

12. Do they still pay people to live in Alaska?

I had a Friend in Collage from Fairbanks, and She said they not only Don't pay taxes, they get a Check every year from the Government.:crazy:

[MissB]

20. Yeah, it is called the Permanent Fund

And it is based on the oil revenues so it fluctuates each year. I lived up there during my high school years (late 80's) and was getting around $1k a year.

[Selatius]

3. Take those numbers and divide by half

It is only profitable to remove the 1st half of the oil. After the half-way mark is passed, the cost of bringing up that oil rises up beyond the benefit you receive from the oil. If it is 8 to 16 billion, then only 4 to 8 billion of that oil is economically feasible to recover.

[eaprez]

4. Precedent...its all about setting precedent. The Oil isn't the issue...

[TrustingDog]

10. amen. that's it.

[shoelace414]

5. what's the difference

if we send money to Exxon or Prince Bandar?

Enron has shown that american companies are more than willing to screw over the american consumer (California)

[Cleita]

7. Shouldn't we Californians be suing them for what they did?

I think that this is what is needed, many, many lawsuits to keep these guys busy for years, too busy to keep screwing us over.

[shoelace414]

9. They went Bankrupt

but don't you try it.

[Cleita]

18. The company went bankrupt, but some of them walked off with

all the money. They should be sued. There's gotta be a reason to sue them.

[frank frankly]

6. fucking Death Eaters

worst news in a long string of worst news.

in all seriousness, only The Ents can save us now. we will not save ourselves.

[uppityperson]

8. Oil is heavy, heating oil, not light gasoline oil too. n/t

[karlrschneider]

13. Well, to be fair I don't think we really know the API gravity of whatever

oil is down there. Not that it really matters, though.

[uppityperson]

15. Reports projecting what is known and will most likely be.

Like there will not be a lot of it is another projection.

[Up2Late]

14. Here's a FACT that I bet most here do NOT know...

...Do you Know who the #1 and #2 Countries are that the U.S. imports the Most Oil from?

Hint: Saudi Arabia is #3
.........................................................................
.........................................................................
.........................................................................
You have 3 minutes to Guess, then I'll post the answer.:bounce:

[BeFree]

16. Venezuela and Mexico?

[canuckforpeace]

17. I'm pretty sure Canada is one of 'em n/t

[Up2Late]

19. Woops! They released new numbers today

So Saudi Arabia Jump to #1 this month, but last month it was
CANADA & MEXICO:evilgrin:

The web site this came from makes it clearer.

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)


SAUDI ARABIA 1,602

CANADA 1,552

MEXICO 1,420

VENEZUELA 1,349

NIGERIA 878

IRAQ 477

ANGOLA 409

<http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html>

[Auntie Bush]

21. Where about in Canada do they get their oil?

[Up2Late]

23. I haven't a clue, I only learned this a few days ago

Maybe up near the boarder with Alaska, probably why the U.S. Bought Alaska way back when.:shrug:

[Spider Jerusalem]

22. Eh. I already knew that.

It's a question of logistics. Cheaper and easier to transport oil here from Canada, Mexico and Venezuela, and most Saudi crude goes to the European and Asian markets.

[burrowowl]

24. ANWR's poor quality oil

will go to Asia, the oil companies that drill will get huge subsidies, the oil won't be available for 10 to 13 years (however in the meantime, they will be getting huge gov subsidies), etc.
WONTON DESTRUCTION!

[Up2Late]

25. I think I just found the "Big Oil - Play Book" (Drilling ANWR=big $$$)

I started a new tread in GD: Politics, link below

<http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=1666416&mesg_id=1666416>

In PDF file format

From Page 111

Crude Oil Production in Alaska
Depends on Oil Prices

Alaskan crude oil production originates mainly from
the North Slope, which includes the National Petroleum
Reserve-Alaska (NPR-A) and the State lands
surrounding Prudhoe Bay. Because oil and gas producers
are prohibited from building permanent roads
in NPR-A, exploration and production are expected to
be about 30 percent more expensive than is typical for
the North Slope of Alaska. Because drilling is
currently prohibited in the Arctic National Wildlife
Refuge (ANWR), AEO2005 does not project any production
from ANWR; however, an EIA analysis <142>
projects that if drilling were allowed, production
would start 10 years later and reach 900,000 barrels
per day in 2025 if the area contains the mean level of
resources (10.4 billion barrels) estimated by the U.S.
Geological Survey