Canecreekfreak said:No, let's thank the hippies who don't want to drill in Alaska 'cause it might upset the Caribou. (jerkit) We get more oil from Mexico than we do the middle east.
Just for the record, even if the most optimistic estimates about the amount of oil in ANWR (13.2 billion barrels) are true that's still not enough to meet all US demand for even the next two years. The pessimistic estimates (5.9 Bbbls) wouldn't even hook us up for one year. And even if exploration started today, we wouldn't see drop one for at least 5 years. Hardly a long-term solution.
As much as I don't enjoy shelling out $2.75/gallon or whatever it is on a given day, part of me is happy to see these more realistic prices because they may open Americans' eyes to the reality that something needs to be done to curb our incessant thirst for oil.
Fact: the world's peak oil production, if it hasn't already occurred, will occur by 2010. After that, production has nowhere to go but down because oil is a FINITE resource. If demand continues to rise... well, you do the math.
Anyone hiding a cold fusion solution anywhere?