Moreover, Bush discussed the opening of ANWR as a shorter-term solution than biofuels or hydrogen, and said, "Somehow if you mention ANWR it means you don't care about the environment. Well, I'm hoping now people, when they say ANWR, it means you don't care about the gasoline prices that people are paying."[more]
If people ever do use Bush's chosen formulation, I hope they change it a little to conform with reality -- I'd suggest something like, "When they say ANWR, it means you don't care about the gasoline prices that people will be paying 20 years from now." In 2004, the EIA released a report saying that if Congress were to allow drilling in ANWR that year, the oil would not actually begin flowing until 2013 and peak production would not be reached until 2025. Even then, according to the Associated Press, oil prices would be reduced by less than 50 cents a barrel (assuming oil was at about $27 a barrel -- as of this post, even after a decline, light, sweet crude for delivery in June was at $116.44 a barrel). And "even at peak production, the EIA analysis said, the United States would still have to import two-thirds of its oil, as opposed to an expected 70 percent if the refuge's oil remained off the market."
Wednesday, April 30, 2008
The Genius, The Lying Pandering, Of Beloved Leader
Actually, his first "mistake" is the solution -- not the problem -- always seems to involve more oil as opposed to alternative fuel sources....
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