Wednesday, October 19, 2005

Oil

The Senate Energy Committee tacked an amendment onto a budget bill that would open the Alaska National Wildlife Refuge to oil drilling. This is after the Senate as a whole failed to pass a bill to do that, and it seems to be amended to a budget bill only for the sake of avoiding debate - the budget bill can't be filibustered. If that's not charming enough, consider this:

Under the drilling plan, ANWR's 1.5 million-acre coastal plain would be opened for energy exploration. As much as 10.4 billion barrels of crude could be recovered from the refuge's coastal plain, according to government estimates.


10.4 billion barrels of oil is nothing. Domestic use of oil was over 20 million barrels per day in 2002. (See the chart from the department of energy.) At 2002 levels of use, we'd burn up all the oil in 520 days. This isn't a terribly far-sighted policy, even if environmental damage is ignored. But there remains a large sector of US policymakers, and I suppose of ordinary folks, who have yet to accept the notion that there is a limited amount of oil, and that we're running out of the stuff we can get cheaply. If we factored in all costs related to preserving access to oil, it wouldn't seem that cheap, either.

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