Filed under: Green living
A regular topic of conversation lately is the high price of gas/ energy. 
Really just posting because it’s fun to argue with my younger brother LOL.
So, here are some of my reasons for not thinking we should do more drilling. Also, I’m not scared of us “running out of oil” Americans are incredibly resourceful! We’ll see the oil running out well before it does and get new systems in place We are still using very old technology on cars.. I’m ready to see some fun new stuff! I don’t want to have to drive to the gas station and fork out tons of money for the rest of my life.. lets see some new ideas KWIM? Cars are incredibly inefficient machines.. did you know only 1% of the gas you pay for works toward actually making your car move forward? If that kind of “technology” was still on the shelves with computers the store selling them would be the laughing stock of the town.
Okay, lets say it suddenly because okay to drill in Alaska..
President Bush’s push to drill in the Arctic National Wildlife Refuge — where an estimated 10 billion barrels of oil lie — would only reduce the price of crude oil per barrel by about 50 cents, 17 years from now according to Bush’s own Energy Department. A new study seems to think it will be 75 cents per BARREL
The price of crude oil per barrel has jumped 100 dollars in the Bush Era, leading prices at the pump to more than double. Shaving the crude oil price 75 cents by 2025 amounts to no savings at the gas station.
That’s what we would get for ANWR’s 10 billion barrels.. what about the restricted areas of offshore drilling?
There are an estimated 18-21 billion barrels there.
So, if lifting the restrictions on most offshore drilling has double the impact on price as lifting the ANWR ban would, that’s only $1.50 off the price of crude per barrel. Combined with ANWR, it’s $2.25.
Again, by 2025. Again, little to no impact on the price at the pump, today or tomorrow.
Just to put a fine point on it, lowering the price of crude oil per barrel by $1 is roughly equal to a reduction in price at the pump of 2.5 cents per gallon. So lifting all of the above moratoriums, lowering the price of crude by $2.25 per barrel, would lower the price at the pump by less than 6 cents by 2025. Which means nothing at all because the price has more than double in the last 7 years
