Los Angeles
CHANGE MY LOCATION
Jay McDonough
Progressive Politics ExaminerJay began writing politically themed commentary and founded his blog, Swimming Freestyle, in October 2007. Here he'll write about politics from a progressive perspective.
Examiner Feeds
These websites were picked by the Progressive Politics Examiner as useful resources.National Examiners
Michelle Kerns
Book Examiner
Most Recent Post
Porn for New Moms--oh, Daddy! I bet you've never seen a video like this before....
Book Examiner
Most Recent Post
Porn for New Moms--oh, Daddy! I bet you've never seen a video like this before....
Angele Sionna
Early Childhood Parenting Examiner
Most Recent Post
Teach your children about politics with this fun toy and make the debates mean more to them
Early Childhood Parenting Examiner
Most Recent Post
Teach your children about politics with this fun toy and make the debates mean more to them
Jen Boyer
Careers and Family Examiner
Most Recent Post
Breast cancer screenings for low-income women
Careers and Family Examiner
Most Recent Post
Breast cancer screenings for low-income women
ANWR Bottom Line: Two Cents A Gallon
15 comments
by Jay McDonough, Progressive Politics Examiner
The opening of the ANWR 1002 Area to oil and natural gas development is projected to increase domestic crude oil production starting in 2018. In the mean ANWR oil resource case, additional oil production resulting from the opening of ANWR reaches 780,000 barrels per day in 2027 and then declines to 710,000 barrels per day in 2030.
Additional oil production resulting from the opening of ANWR would be only a small portion of total world oil production, and would likely be offset in part by somewhat lower production outside the United States. The opening of ANWR is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light crude oil prices of $0.41 per barrel (2006 dollars) in 2026 for the low oil resource case, $0.75 per barrel in 2025 for the mean oil resource case, and $1.44 per barrel in 2027 for the high oil resource case, relative to the reference case.The median case suggests the effect on gasoline prices in 2025 will be $0.02 a gallon. The immediate effect will be zero as we’ll have to wait a decade to see any oil from ANWR. (Link)
I understand it makes good politics to respond to high gas prices by claiming new exploration will take care of the high price of gas and those damn Democrats are getting in the way of cheap gas for everybody. But any oil still to be found and pumped is many years away, would be bound for the global marketplace, and sell at market pricing. (Do you really think American oil companies are going to give U.S. customers a "sweet deal" when they can sell it at global pricing on the open market?)
I want to know more about Oil 2.0 products. Necessity is the mother of invention.
Topics: Oil 2.0 , ANWR , oil
Subscribe
FeedComments
More from Progressive Politics Examiner
A Picture for the Day
Topics: A Picture for the Day
One more thing about the bailout.....
Topics: Bailout
It continues to be all about credit
Topics: Economy , Bailout
Some banks to refuse bailout to preserve big executive bonuses?
How McCain intends to pay for his health care plan
The longer version, McCain and the Keating Five
Topics: McCain , Keating Five
Obama/McCain. How ugly will it get?
Topics: Obama , McCain , Keating Five
A Picture for the Day
Topics: A Picture for the Day
