Modbert
Daydream Believer
- Sep 2, 2008
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How long would it take for them to be depleted?
An article from 2004:
Study: ANWR oil would have little impact - U.S. news - Environment - msnbc.com
WASHINGTON — Opening an Alaska wildlife refuge to oil development would only slightly reduce America’s dependence on imports and would lower oil prices by less than 50 cents a barrel, according to an analysis released Tuesday by the Energy Department.
The report, issued by the Energy Information Administration, or EIA, said that if Congress gave the go-ahead to pump oil from Alaska’s Arctic National Wildlife Refuge, the crude could begin flowing by 2013 and reach a peak of 876,000 barrels a day by 2025.
Remember, we use 6.8 billion barrels a year now. 876,000 barrels a day is 319 million a year. It would peak at 319 million a year by 2025.
And the kicker:
But even at peak production, the EIA analysis said, the United States would still have to import two-thirds of its oil, as opposed to an expected 70 percent if the refuge’s oil remained off the market.
A decrease of less than 5%.
People (not saying you) who think the solution to our energy problems lie in the fields of Alaska are the same people who chase the end of a rainbow to find a Leprechaun pot of gold.