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Wednesday, March 16, 2005

One More Reason to Drill in ANWR

Oil Prices Shoot to New Intraday High

AP Business
By Brad Foss

Crude oil prices soared to a new intraday high above $56 a barrel Wednesday in spite of a decision by OPEC (news - web sites) ministers to authorize the pumping of an extra half-million barrels of oil a day.

Crude futures shot up more than $1 a barrel after the latest petroleum supply report from the U.S. government showed domestic supplies of gasoline and heating oil fell sharply last week...
Yet people are more concerned about the porcupine caribou than what this oil strain does to our economy. We could get more than a million barrels of oil a day just by opening up drilling in ANWR, which is estimated to have 9 - 11 billion barrels of oil. Once we started drilling in Purdue Bay, the porcupine caribou quadrupled in population, and we've been able to get 2 billion more barrels of oil than we first expected. I just don't understand why anyone would oppose something like this. It will create tons of news jobs, put billions of dollars towards helping our trade defecit, and it will lessen our dependence on foreign oil. I'm all for it.


 
conservativerebel.blogspot.com: One More Reason to Drill in ANWR <body>

conservativerebel.blogspot.com

Wednesday, March 16, 2005

One More Reason to Drill in ANWR

Oil Prices Shoot to New Intraday High

AP Business
By Brad Foss

Crude oil prices soared to a new intraday high above $56 a barrel Wednesday in spite of a decision by OPEC (news - web sites) ministers to authorize the pumping of an extra half-million barrels of oil a day.

Crude futures shot up more than $1 a barrel after the latest petroleum supply report from the U.S. government showed domestic supplies of gasoline and heating oil fell sharply last week...
Yet people are more concerned about the porcupine caribou than what this oil strain does to our economy. We could get more than a million barrels of oil a day just by opening up drilling in ANWR, which is estimated to have 9 - 11 billion barrels of oil. Once we started drilling in Purdue Bay, the porcupine caribou quadrupled in population, and we've been able to get 2 billion more barrels of oil than we first expected. I just don't understand why anyone would oppose something like this. It will create tons of news jobs, put billions of dollars towards helping our trade defecit, and it will lessen our dependence on foreign oil. I'm all for it.