Recent studies have indicated that approximately 3.2 billion barrels of profitable oil exists in the Artic Refuge (Lovins 72+). These estimates mean that this production would be between 0.5 percent to 1.3 percent of overall global production (Petroleum Economist 1+). This would reduce U.S. oil dependence by four percent by 2025(Petroleum Economist 1+)...
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This would reduce U.S. oil dependence by four percent by 2025(Petroleum Economist 1+). It would also add much needed domestic oil production as other areas, such as offshore drilling decline. In Alaska, politicians favour drilling beneath the Artic National Wildlife Refuge for tax revenue (Oil & Gas Journal)...
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Offshore Drilling In the context of the global market, the impact of this drop in the bucket on world supply would be minimal. As a result, proponents of offshore drilling cling to the hope that future market speculation will drive prices down, but Federal Reserve Chairman Ben Bernanke has dismissed that possibility...	3 / 597
oil drilling in alaska ""If you look around, the Lower 48 is pretty drilled up." said Larry Cooke, a supervisory geologist in Alaska for the federal Minerals Management Service...	2 / 327
Against Oil Drilling It would also benefit by taking a huge problem off the chests of many Americans, so we would be able to focus on other problems, like the war in Iraq. Senator John McCain believes that this would be too much of a burden on the United States tax payers, and believes that we can maintain the same source of energy, and become more dependent on ourselves for oil...	5 / 1249
Drilling for oil in the Artic National Wildlife Refuge Wolves, foxes, and musk oxen raise their young there (To drill or not to drill?: 6). Golden eagles and snowy owls nest there (To drill or not to drill?: 6)...	8 / 2140