Have no doubt, drilling in the Arctic National Wildlife Refuge isn't going to have a dramatic impact when it comes to the world's supply of oil. Even the Department of Energy's Energy Information Administration admits that. By the time the Arctic National Wildlife Refuge would be at peak production, which wouldn't take place until the year 2030, 22 years from now, refuge oil would make up only six-tenths of 1 percent of the world's oil. If one listens to some of the political rhetoric, they would think there is this vast resource of oil in Alaska that is going to come to our rescue. It is not. It is a drop in the bucket when we consider today's high gasoline prices. In fact, the effect at the gas pump wouldn't be felt for over 20 years, and then it is only pennies a gallon. The Arctic Wildlife Refuge is one of America's last pristine, untouched areas. It is home to more than 200 wildlife species, including polar bears, musk ox, and caribou. President Dwight Eisenhower set this area aside over 50 years ago and said: This is something we need to preserve. This is a once-in-a-lifetime-and-beyond opportunity to protect some treasure for future generations.
Editor's note · Context
Discussing the impact of drilling in the Arctic National Wildlife Refuge on oil supply and environmental preservation.
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