I was in my morning routine today (watching CNBC to get a handle on the pre-market futures while I get ready for work) and Doug MacIntyre, Senior Market Analyst for the Energy Information Administration came on to discuss the "oil crisis".
Doug talks about the "benefits" of drilling in ANWR (Alaska), at around 4 min 30 seconds into this video clip. He quotes data from his most recent analysis for a report that he has provided to the US Senate. What his team found is that it will take 10+ years to get the oil from ANWR into our system, and that at the most, it will only reduce the price of oil by a few dollars per barrel. Please watch the video (you can forward it to that spot).
Wow, drilling in Alaska just sounds like such a great solution to our energy problems....NOT!!!!!!!
OK, we haven't had a poll in a while...new poll....should we drill for oil in ANWR? (vote to the right of this post).